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[STK] NASDAQ-NMS:CSUN
[IN] OIL UTI ENV ALT GRE
[SU] CON
TO BUSINESS, ENERGY, AND ENVIRONMENTAL EDITORS:
China Sunergy Builds Strategic Partnership with Larsen & Toubro
NANJING, China, April 1, 2014 /PRNewswire/ -- China Sunergy Co., Ltd.
(NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar
cell and module manufacturer, today announced that the Company had
completed totaled 29.5MW solar modules shipment under two separate
supply agreements to Larsen & Toubro Limited ("Larsen & Toubro"), an
Indian conglomerate and solar developer headquartered in Chennai,
India. China Sunergy has officially advanced into Larsen & Toubro's
strategic suppliers list in solar business.
Larsen & Toubro is one of India's leading industry conglomerates in
technology, engineering, construction, and manufacturing. In solar
sector, Larsen & Toubro has solidified its leading position with over
300 MW solar projects executed / under-execution so far in Indian
market.
China Sunergy's high efficient multi-crystalline modules will be
deployed in two large-scale projects, including a large scale roof-top
project with installation capacity of 7.5MW and 22MW ground-mounted
solar projects.
Mr. Stephen Cai, CEO of China Sunergy, remarked, "With natural
geographic advantages and government support, India is destined to
become one of the world's largest and most dynamic markets. We are
delighted to be a strategic supplier to Larsen & Toubro and we believe
that Larsen & Toubro's outstanding market presence in India and China
Sunergy's reliable & advanced products should benefit both of us
mutually and place in an excellent position to capture a greater
market share in India."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and
delivers high efficiency solar cells and modules to the world from its
production centers based in China and Turkey. China Sunergy also
invests in high potential solar projects. Founded in 2004, China
Sunergy is well known for its advanced solar cell technology, reliable
product quality, and excellent customer service.
For more information, please visit http://www.csun-solar.com.
Investor and Media Contacts:
Asia Bridge Group Limited Wendy Sun Phone: +86 10 8556 9033 Email: wendy.sun@asiabridgegroup.com China Sunergy Co., Ltd. CSUN IR Phone: +86 25 5276 6696 Email: IR@chinasunergy.com
Safe Harbor Statement
This announcement may contain forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of
historical facts in this announcement are forward-looking statements.
These forward-looking statements are based on current expectations,
assumptions, estimates and projections about the Company and the
industry, and involve known and unknown risks and uncertainties,
including but not limited to, the Company's failure to maintain its
listing qualification due to, among other things, volatility in the
Company's ADS price; the Company's ability to raise additional capital
or renew existing bank borrowings as they become due to finance the
Company's activities; the Company's customers' financial condition and
creditworthiness, and their ability to settle accounts receivables;
the effectiveness, profitability, and the marketability of its
products; litigations and other legal proceedings, including any
decisions by the US International Trade Committee and Department of
Commerce on the petitions filed; the economic slowdown in China and
elsewhere and its impact on the Company's operations; demand for and
selling prices of the Company's products, execution of our strategy to
expand into downstream solar power businesses, the future trading of
the common stock of the Company; the ability of the Company to operate
as a public company; the period of time for which its current
liquidity will enable the Company to fund its operations; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the Company's
operating results and financial condition; the Company's ability to
attract or retain qualified senior management personnel and research
and development staff; future shortage or availability of the supply
of raw materials; impact on cost-competitiveness as a result of
entering into long-term arrangements with raw material suppliers and
other risks detailed in the Company's filings with the Securities and
Exchange Commission. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events or
circumstances, or to changes in its expectations, except as may be
required by law. Although the Company believes that the expectations
expressed in these forward looking statements are reasonable, it
cannot assure you that its expectations will turn out to be correct,
and investors are cautioned that actual results may differ materially
from the anticipated results.
SOURCE China Sunergy Co., Ltd.
-0- 04/01/2014
/Web Site: http://www.csun-solar.com
(NASDAQ-NMS:CSUN) /
CO: China Sunergy Co., Ltd.; Larsen & Toubro Limited
ST: China India
IN: OIL UTI ENV ALT GRE
SU: CON
PRN
-- CN95156 --
0000 04/01/2014 10:00:00 EDT http://www.prnewswire.com
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