CHANGZHOU, China, March 10, 2015 /PRNewswire/ -- Trina Solar
Limited (NYSE: TSL) ("Trina Solar"
or the "Company"), a global leader in photovoltaic ("PV") modules,
solutions and services, today announced that its industry-leading
Trinasmart panels are now part of the technology solution that
Vivint Solar, Inc. (NYSE: VSLR), the second largest U.S.
residential solar provider, offers to its customers. Trinasmart is
a module-integrated solution that optimizes the energy output of PV
systems, enhances solar array safety, improves installation speeds
and reduces balance of system costs.
"Vivint Solar is a solar industry leader that is delivering
cost-effective and innovative solutions every day. That's why we're
excited to partner with them and provide our high-performing
Trinasmart modules for their residential offering," said
Jing Tian, Trina Solar Head of Global Marketing. "With
Trinasmart, we can help Vivint Solar's installation and operations
and maintenance teams through faster install times, enhanced
monitoring capability and advanced fire-safety features – putting
them ahead of the curve in the distributed generation market."
"We are proud to offer homeowners advanced solar technology and
plan to begin installing Trinasmart modules immediately," said
Jan Newman, Vice President of
Business Development at Vivint Solar. "We are confident in the
long-term value of monitoring system performance on the module
level with Trinasmart."
The patented Trinasmart technology is a complete solution that
includes power optimization and monitoring built into the module
junction box. Unlike other modules, Trinasmart allows monitoring
and control of the PV array at the module level. System performance
can also be monitored and controlled in real time with a smart
mobile device or PC thanks to the web-based Trinasmart platform,
www.trinasmart.com.
Trinasmart also improves the safety of the PV system: in cases
of electrical failure (e.g. flashing arc), Trinasmart shuts down
the affected modules automatically. Moreover, in the case of a fire
emergency, the modules can be totally deactivated to eliminate high
voltages and secure the safety of firefighters. Trinasmart is fully
covered by Trina Solar's 10-year
product warranty and 25-year linear performance warranty, and it
complies with NEC's 690.12 Rapid Shutdown requirement.
For more information about Trinasmart, visit
http://www.trinasolar.com/us/product/Trinasmart.html.
About Trina Solar Limited
Trina Solar Limited (NYSE:
TSL) is a leading manufacturer of high quality modules and has a
long history as a solar PV pioneer since it was founded in 1997 as
a system installation company. Trina
Solar is one of the few PV manufacturers that have developed
a vertically integrated business model from the production of
monocrystalline and multicrystalline silicon ingots, wafers and
cells to the assembly of high quality modules. Trina Solar's products provide reliable and
environmentally-friendly electric power for a growing variety of
end-user applications worldwide. For further information, please
visit Trina Solar's website at
http://www.trinasolar.com.
About Vivint Solar
Vivint Solar is a leading provider
of distributed solar energy – electricity generated by a solar
energy system installed at a customer's location – to residential
customers in the United States.
Vivint Solar's customers pay little to no money upfront, receive
significant savings relative to utility generated electricity and
continue to benefit from guaranteed energy prices over the 20-year
term of their contracts. Vivint Solar finances, designs, installs,
monitors and services the solar energy systems to make things easy
for its customers. For more information, visit www.vivintsolar.com
or follow @VivintSolar.
Safe Harbor Statement
This news release contains
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 fact in this
announcement are forward-looking statements, including but not
limited to, statements concerning the agreement between
Trina Solar and Vivint Solar to
install Trinasmart modules in North
America and the expected benefits associated with the
strategic partnership of the two companies. Forward-looking
statements are inherently subject to risks and uncertainties, some
of which cannot be predicted or quantified. Forward-looking
statements should not be read as a guarantee of future performance
or results, and they will not necessarily be accurate indications
of the times at, or by, which such performance or results will be
achieved, if at all. These statements involve known and unknown
risks and uncertainties and are based on current expectations,
assumptions, estimates and projections about Trina Solar and Vivint Solar and the industries
in which the companies operate and compete as of the date of this
news release, and they are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in or suggested by the forward-looking statements,
including but not limited to the availability of additional
financing on acceptable terms; changes in retail price of
traditional utility generated electricity; changes in electrical
utility policies and regulations; the availability of rebates, tax
credits and other incentives that affect the pricing of solar
systems, including regulations related to net metering; changes in
regulations, tariffs and other trade barriers and tax policy
affecting the respective companies and their industries; demand in
various markets for solar product offerings; the ability to
attract, train and retain qualified personnel; the availability and
price of solar panels and other solar system components; and the
other risks identified in the registration statements and reports
that the respective companies file with the U.S. Securities and
Exchange Commission, which are available on the investor relations
section of the respective companies' websites at www.trinasolar.com
and www.vivintsolar.com. Neither Trina
Solar nor Vivint Solar undertakes any obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Neither company undertakes any obligation to
publicly update or revise any forward-looking statement in this
news release, whether as a result of new information, future
developments or otherwise.
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SOURCE Trina Solar Limited