LDK Solar Produces Larger Size Ingots
XINYU CITY, China and SUNNYVALE, Calif., June 18, 2009 – LDK Solar Co., Ltd. (NYSE:LDK), a manufacturer of multicrystalline solar wafers, today announced that it has successfully produced a multicrystalline silicon ingot weighing 660 kilograms (kg).
The 660 kg ingot was the largest ingot produced at LDK Solar and represents a 46.7% increase in capacity from the standard 450 kg ingot. Maximum furnace capacity is approximately 800 kg.
“We reached an important milestone on the roadmap of our technology development for multi-crystalline silicon ingots,” stated Dr. Yuepeng Wan, Chief Technology Officer at LDK Solar. "We have continued to develop technology aimed at solidifying and augmenting LDK Solar’s cost leadership position. Our objective with this development was to improve product quality and at the same time decrease the cost of multicrystalline ingot production. The larger ingots will lower capital expenditure and contribute to the reduction of production cost. The increased charge size directly contributes to lower power consumption, higher yields, improved efficiencies of downstream processing equipment, and reduced unit consumption of consumables and some direct costs.”
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. 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.
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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