LDK Solar Signs Memorandum of Understanding with National Renewable Energy Laboratory
XINYU CITY, China and SUNNYVALE, Calif., September 20, 2010 – LDK Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, announced today the signing of a memorandum of understanding (MOU) with the U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) for collaborative research and development activities related to silicon materials and photovoltaic devices. The objectives for the collaborative activities are the investigation of silicon feedstock related issues, development of standards for solar grade silicon and evaluation methods, and research on crystallization technologies and commercial implementation. The NREL is DOE's primary laboratory for renewable energy and energy efficiency research and development.
"NREL is one of the world's leading PV research organizations and we are honored to partner with them,"stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "With common R&D goals and having previously collaborated informally with the NREL, we are pleased formalize our cooperation. We are proud of the continued work by our Technology Center which is dedicated to product and technology development while sustaining competitive advantages for LDK Solar."
"We look forward to working closely with LDK to accelerate research to bring more alternative energy solutions to the market," stated John Benner, manager of PV industry partnership at NCPV of NREL.
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 engages in project development activities in selected segments of the PV market. Through its broad product offering of mono and multicrystalline solar wafers and modules, LDK Solar provides its customers with a full spectrum of 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 Harbour Statement – LDK Solar
This press release contains forward-looking statements within the meaning of the safe harbour 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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