Paris, France.--September 18, 2009— In the process of continuously increasing its solar modules’ quality, Upsolar tests and inspects new materials and components in its own laboratory in Shanghai.
In line with this process, Upsolar has now decided to offer its customers the possibility to buy solar modules not only with Tyco, but also with Huber+Suhner junction boxes.
Together with its very efficient protection against water ingress (IP67), Swiss HUBER+SUHNER junction boxes have all the properties required to be in compliance with the US and European standards: high electrical insulation, strong resistance to environmental constraints (temperature, moisture, UV, chemical aggression), low conductors electrical resistance, good method of installation and connection and bring a new added value to Upsolar’s client.
Since Upsolar’s launch in 2006, the company has grown rapidly, with over 60 MW shipped in 2008 and revenues of $165 million Euros, which the company expects to double by the end of 2009 by delivering 120 MW. Upsolar estimates sustained growth in 2010.
Upsolar is a multinational company specialized in the design, engineering and manufacturing of solar photovoltaic modules. Upsolar's strength is the development of strict quality control in its manufacturing process to provide worldwide customers with reliable, excellent products for all residential, commercial and utility-scale projects. Using top-quality module components from highly qualified international manufacturers ensures the delivery of consistent product quality. Upsolar aims to provide the most reliable and cost-competitive PV modules to its customers.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and 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" and similar statements, and include the ability of Upsolar Co.,Ltd to reach the previously mentioned estimates, moving forward. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.