LDK Solar Wins Patent Award
XINYU CITY, China and SUNNYVALE, Calif., November 15, 2010 -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, today announced that LDK Solar's patent "Directional Solidification Furnace with Recharging Apparatus for Multicrystalline Silicon Ingot Growth" has won the Excellence Award of the 12th China Patent Award which is the highest award in the patent field in China.
"Directional Solidification Furnace with Recharging Apparatus for Multicrystalline Silicon Ingot Growth" is a technology and apparatus that can greatly enhance the production throughput of the current directional solidification furnaces. With the proprietarily designed feeding system, more silicon material can be added into the same crucible during and after melting of the original charge. This will help to reduce the cost of ingot production through less consumption of crucibles and energy, and produce higher yield of useful ingots for solar wafers.
"We are pleased to receive this special award for our patented technology," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "LDK Solar continues to focus on research and development projects which will improve process technology, reduce manufacturing costs as well as elevate our overall product quality. Our investment in R&D will build LDK Solar as a truly vertically integrated photovoltaic technology company."
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE:LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products and the world's largest producer of multicrystalline wafers. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, modules and cells. The Company also engages in project development activities in selected segments of the PV market. Through its broad product offering, LDK Solar provides its customers with a full spectrum of PV solutions. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about our company and products, please visit www.ldksolar.com.
Safe Harbor Statement
This press 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 press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing construction projects, including its polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the solar industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
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