TORONTO, Jan. 14 /PRNewswire-Asia/ -- Canadian Solar Inc. ("the Company",
"CSI" or "we") (Nasdaq: CSIQ) today announced that it has opened a US head
office and customer center in San Ramon, California. The office will house
purchasing, sales, sales support, and R&D staff. The office contact
information is:
12657 Alcosta Blvd., Suite 140
San Ramon, CA 94583, USA
Tel: +1 (925) 866-2700
Fax: +1 (925) 866-2704
Email: Sales.us@csisolar.com
Inquiry.us@csisolar.com
Canadian Solar has had an incorporated subsidiary in the US since early
2007 and is now increasing its footprint in anticipation of the US becoming a
significant market for solar products. Going forward, regional sales offices
will be added. CSI's complete line of products will be offered in the US
including both of its regular and e-Module products, as well as custom and
off-grid products.
Robert Patterson, President of CSI Americas remarked: "In 2009 and 2010 we
see the US developing into a major market for both of our regular and e-Module
solar products. In discussions with our downstream partners we expect to see
substantial growth in the US in 2009. This office in the Bay Area will help
us better serve our US customers and will allow us to take advantage of R&D
and supply chain resources in the US as well."
About Canadian Solar Inc. (NASDAQ: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically-integrated
manufacturer of solar cell, solar module and custom-designed solar application
products serving customers worldwide. CSI is incorporated in Canada and
conducts all of its manufacturing operations in China. Backed by years of
experience and knowledge in the solar power market and the silicon industry,
CSI has become a major global provider of solar power products for a wide
range of applications. For more information, please visit
http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements for Canadian Solar
Certain statements in this press release including statements regarding
expected future financial and industry growth are forward-looking statements
that involve a number of risks and uncertainties that could cause actual
results to differ materially. These statements are made under the "Safe
Harbor" provisions of the U.S. Private Securities Litigation Reform Act of
1995. In some cases, you can identify forward-looking statements by such
terms as "believes," "expects," "anticipates," "intends," "estimates," the
negative of these terms, or other comparable terminology. Factors that could
cause actual results to differ include general business and economic
conditions and the state of the solar industry; governmental support for the
deployment of solar power; future shortage or availability of the supply of
high-purity silicon; demand for end-use products by consumers and inventory
levels of such products in the supply chain; changes in demand from
significant customers, including customers of our silicon materials sales;
changes in demand from major markets such as Germany; changes in customer
order patterns; changes in product mix; capacity utilization; level of
competition; pricing pressure and declines in average selling price; delays in
new product introduction; continued success in technological innovations and
delivery of products with the features customers demand; shortage in supply of
materials or capacity requirements; availability of financing; exchange rate
fluctuations; litigation and other risks as described in the Company's SEC
filings, including its annual report on Form 20-F originally filed on June 3,
2008. Although the Company believes that the expectations reflected in the
forward looking statements are reasonable, it cannot guarantee future results,
level of activity, performance, or achievements. You should not place undue
reliance on these forward-looking statements. All information provided in
this press release is as of today's date, unless otherwise stated, and
Canadian Solar undertakes no duty to update such information, except as
required under applicable law.
For more information, please contact:
In Toronto, CanadaAlex Taylor, IR Director
Canadian Solar Inc.
Phone: +1-905-530-2334
Fax: +1-905-530-2001
Email: ir@csisolar.com
In the U.S.
Joseph VillaltaThe Ruth Group
Phone: +1-646-536-7003
Email: jvillalta@theruthgroup.com
SOURCE Canadian Solar Inc.
-0- 01/14/2009
/CONTACT: Canadian Solar Inc., Alex Taylor, IR Director, +1-905-530-2334,
fax +1-905-530-2001, ir@csisolar.com; or The Ruth Group, Joseph Villalta, +1-
646-536-7003, jvillalta@theruthgroup.com, for Canadian Solar Inc./
/Web site: http://www.csisolar.com/
CO: Canadian Solar Inc.
ST: Canada, China, California
IN: OIL ENV UTI CPR
SU: CXP
MS
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1263 01/14/200913:29 ESThttp://www.prnewswire.com