Yingli Green Energy and TÜV Rheinland Sign Strategic Partnership MOU
October 28 2008 - 5:00AM
Business Wire
Yingli Green Energy Holding Company Limited (NYSE: YGE) (�Yingli
Green Energy� or the �Company�), one of the world's leading
vertically integrated photovoltaic (�PV�) product manufacturers,
today announced that it has entered into a memorandum of
understanding (the �MOU�) with T�V Rheinland (Shanghai) Co., Ltd.
(�T�V Rheinland�) to form a strategic partnership covering a range
of quality control initiatives at the Company. Under the proposed
strategic partnership, T�V Rheinland would conduct periodic factory
inspections to review production, testing and calibration
procedures and assist Yingli Green Energy in certification planning
and execution to support new product introductions. In addition,
Yingli Green Energy and T�V Rheinland intend to develop and
implement technical training programs for Yingli Green Energy
employees. �We are pleased to announce our intention to develop a
long-term strategic partnership with T�V Rheinland,� said Mr.
Liansheng Miao, Chairman and CEO of Yingli Green Energy. �Yingli
strongly believes that product quality is the fundamental
foundation for creating sustainable customer satisfaction and
loyalty, which we believe will continue to be one of the primary
drivers of our success in terms of building a strong brand,
achieving solid financial results and creating shareholder value.
To support our aspirations to be a world-leading manufacturer of
high-quality PV products we recognize the need to work with world
experts to improve our quality standards and controls and we have
selected T�V Rheinland as our strategic partner.� �We appreciate
Yingli�s objective to enhance their quality standards and
controls,� said Mr. Gerhard Luebken, Managing Director of T�V
Rheinland Shanghai, �We are pleased to support Yingli in achieving
their product quality aims by developing and delivering a range of
services in cooperation with Yingli.� About Yingli Green Energy
Yingli Green Energy Holding Company Limited is one of the world�s
leading vertically integrated PV product manufacturers. Through the
Company�s principal operating subsidiary in China, Baoding Tianwei
Yingli New Energy Resources Co., Ltd., Yingli Green Energy designs,
manufactures and sells PV modules and designs, assembles, sells and
installs PV systems that are connected to an electricity
transmission grid or operate on a stand-alone basis. With 400 MW of
total annual production capacity in each of polysilicon ingots and
wafers, PV cells and PV modules, Yingli Green Energy is currently
one of the largest manufacturers of PV products in the world as
measured by annual production capacity. Additionally, Yingli Green
Energy is one of a limited number of large-scale PV companies in
the world to have adopted a vertically integrated business model.
Through its wholly owned subsidiary Yingli Energy (China) Co.,
Ltd., Yingli Green Energy currently plans to expand annual
production capacity of polysilicon ingots and wafers, PV cells and
PV modules to 600 MW by mid-2009. Yingli Green Energy sells PV
modules under its own brand name, Yingli Solar, to PV system
integrators and distributors located in various markets around the
world, including Germany, Spain, Italy, South Korea, Belgium,
France, China and the United States. For more information, please
visit www.yinglisolar.com. Safe Harbor Statement This press release
contains forward-looking statements. These statements constitute
�forward-looking� statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
�may,� �will,� �expect,� �anticipate,� �future,� �intend,� �plan,�
�believe,� �estimate,� �targets�, �projects,� �potential,�
�outlook,� �continue,� �is/are likely to� and similar statements.
Such statements are based upon management�s current expectations
and current market and operating conditions, and relate to events
that involve known or unknown risks, uncertainties and other
factors, all of which are difficult to predict and many of which
are beyond Yingli Green Energy�s control, which may cause Yingli
Green Energy�s actual results, performance or achievements to
differ materially from those in the forward-looking statements.
Further information regarding these and other risks, uncertainties
or factors is included in Yingli Green Energy�s filings with the
U.S. Securities and Exchange Commission. Yingli Green Energy does
not undertake any obligation to update any forward-looking
statement as a result of new information, future events or
otherwise, except as required under applicable law.