DuPont and JinkoSolar Sign Strategic Collaboration Agreement
Advanced Materials Key to Meet Growing Demand for Solar Energy
SHANGHAI, March 18, 2015 – DuPont and JinkoSolar Co., Ltd. (JinkoSolar), a global leader in the solar photovoltaic (PV) industry, have signed a strategic collaboration agreement that reflects the companies’ interest in furthering the growth and adoption of efficient and reliable solar generated electricity.
“DuPont deploys science to help solve some of the world’s most pressing problems – the growing global demand for energy is chief among them,” said Walt Cheng, managing director, DuPont Electronics & Communications, Greater China. “By collaborating with leading companies such as JinkoSolar, we can optimize the science of solar technology today and accelerate the development of new advanced materials that will continue to make clean and sustainable solar energy better and increasingly more affordable.”
Areas of potential collaboration include technical development efforts to support continued improvements in the efficiency, durability and reliability of solar cells and panels, including through development and supply of advanced materials including DuPont™ Solamet® PV19x series photovoltaic metallization pastes and DuPont™ Tedlar® polyvinyl fluoride films, as well as co-marketing collaborations aimed at promoting the broader and faster adoption of solar energy to help address the world’s growing energy needs.
“JinkoSolar has worked very successfully with DuPont in the past to help enhance the power output and durability of our solar panels, and we look forward to further advances based on this strategic collaboration,” said Kangping Chen, chief executive officer, JinkoSolar. “Our company’s mission is to change the way we generate and use electricity, optimize the energy portfolio and enable a more sustainable future by delivering the cleanest, most efficient and economic solar energy solutions; and we will work to achieve this critical aim together with DuPont.”
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 2.5 GW for silicon ingots and wafers, 2.0 GW for solar cells, and 3.2 GW for solar modules, as of December 31, 2014. JinkoSolar also sells electricity in China and has connected approximately 500 MW of solar power projects to the grid, as of December 31, 2014.
JinkoSolar has over 13,000 employees spread across its 11 global branch offices in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile; 12 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Brazil, Costa Rica and Mexico; and four productions facilities in Jiangxi and Zhejiang Provinces, China, Portugal and South Africa. To find out more, please see: www.jinkosolar.com.
DuPont is the leading supplier of specialty materials to the solar energy industry, with advanced materials including DuPont™ Solamet® photovoltaic metallization pastes and DuPont™ Tedlar® polyvinyl fluoride films, designed to improve the power output, reliable lifetime and return on investment for solar panels. To learn more, please visit http://photovoltaics.dupont.com.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.