BAODING, China, Sept. 11, 2017 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar" or "Yingli"), one of the world's
leading solar panel manufacturers, today announced a partnership
with WattGlass Inc., a provider of the best-in-class
anti-reflection (AR) and anti-soiling (AS) coating for module
glass. WattGlass is a SunShot awardee and has been working closely
with Yingli Green Energy Americas (Yingli Americas) over the past
twelve months to demonstrate leading performance and reliability
metrics.
The U.S. Department of Energy SunShot Initiative is a
collaborative national effort that aggressively drives innovation
to make solar energy fully cost-competitive with traditional energy
sources before the end of the decade. Through SunShot, the Energy
Department supports efforts by private companies, universities, and
national laboratories to drive down the cost of solar electricity
to $0.06 per kilowatt-hour.
The WattGlass coating virtually eliminates reflection, glare,
and fogging on glass and other transparent materials using a
proprietary nanoparticle coating. The coating is uses no solvents
and is completely water based which makes it easy to handle and
eliminates cumbersome storage requirements. The coating improves
nameplate module power output over competing coatings while also
providing value to project owners through reduced operational and
maintenance costs. This partnership will combine Yingli's world
class manufacturing expertise with WattGlass' award winning
technology and will result in a pilot demonstration in 2018.
"Yingli is focused on providing the most value to customers and
we are committed to differentiating ourselves through advanced
technology solutions. The WattGlass coating is an example of this
commitment as it enables higher power outputs while also reducing
the maintenance costs for project owners," commented Sergiu Pop, Director of Business Development for
Yingli Americas. "We are evaluating the technology for
implementation across our product lines and are excited to be
working with WattGlass."
"The SunShot award has enabled us to complete all the necessary
testing to go-to-market and we are thrilled to be working with
Yingli," said Corey Thompson, CEO of
WattGlass. "The WattGlass coating will provide an immediate
advantage over competing technologies and the Yingli team is
world-class at moving technologies from the lab to full-scale
manufacturing."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli Solar," is one of the
world's leading solar module manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and solar PV
module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20
regional subsidiaries and branch offices and has distributed more
than 17 GW solar PV modules to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and Weibo.
About WattGlass
WattGlass has developed best-in-class coatings for
anti-reflection and anti-soiling applications on glass and other
transparent substrates. Supported by the Department of Energy
SunShot program, WattGlass has developed this technology for the
solar industry while also working with LED, architectural and
automotive glass providers. For more information, please visit
www.wattglass.com and join the conversation on Facebook and
Twitter.
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 "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" 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.
For further information, please contact:
In China:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Amy Chang
Marketing
Communications Manager Americas
Yingli Green Energy Americas
Email: amy.chang@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited