LDK Solar Announces Next Generation of Modules
XINYU CITY, China, Munich, Germany and Sunnyvale, California, June 18, 2013 -- LDK Solar Co., Ltd. (NYSE: LDK) ("LDK Solar") today announced the company’s next step on the path to achieving its goal of delivering high quality value for money solutions to the solar energy industry. Several improvements are now provided in a new generation of LDK Solar Mono- and Multi-Crystalline Modules.
New lightest frame design and customer-focused features
The light new frame design benefits installer handling as well as total system load on the roof as it reduces the weight for all 60- and 72-cell-modules significantly up to 5%. This also applies for the new 48-cell-module which is offered to the residential market and will be available also in a full-black edition. While the new design is allowing unchanged mechanical strength of the module, the slightly reduced module dimensions serve an increased power density.
All LDKSolar modules are now designed to withstand potential induced degradation (PID). Additionally the performance of LDK Solar modules under higher temperatures could be improved through an almost 7% lower temperature coefficient.
LDK Solar M power wafer technology provides reliable high performance
As LDK Solar is one of the world´s largest wafer manufacturers, module customers also benefit from the latest improvements of the wafer performance. Starting in 2012 with M2 power wafer technology, LDK Solar further developed the M power wafer technology for the new module generation now presented at Intersolar in Munich for the first time. Together with a special LDK cell process, the new M3 power wafer enables the multi-crystalline modules a cell efficiency of up to 19% leading to a total power of up to 270 Wp for 60-cell- and up to 310 Wp for 72-cell-modules.
Mr. Sam Tong, CEO of LDK Solar: “High performance and high efficiency are the key drivers for the introduction of any new product to the LDK portfolio. With our in-house R&D facilities and system experts we are dedicated to delivering ever increasing energy efficiency across the whole PV chain – from production, through logistics and finally installation, aimed at the lowest possible kW-hour generation cost. We always involve our customers as we develop new solutions and we thank them for their generous participation in our research.”
LDK new module generation presented for the first time at Intersolar
The new LDK Solar modules will be presented for the first time at Intersolar in Munich, starting onJune 19, 2013. Depending on the region, the final delivery will be later in Q2, and the beginning of Q3. For more information please visit the LDK Solar booth in hall A3, stand 150.
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal 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.
In Europe LDK Solar is represented with its Headquarters in Zurich, Switzerland and has offices in Germany, Italy and Spain as well as sales representatives in France and the UK managing Sales, Marketing and Customer Service.
For more information about LDK Solar and its products, please visit us at Intersolar in Hall A3 at booth 150 or on the LDK Solar website www.ldksolar.com.
Safe Harbor Statement for LDK Solar
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 projects, 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 PV 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.
LDK Solar Tech Europe GmbH
Investor Relations Contact
The Blueshirt Group for LDK Solar
Executive VP and CFO
LDK Solar Co., Ltd.