JIANGSU, China, Aug. 20 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", or "CSI", or "we") (Nasdaq: CSIQ) today announced that its Changshu factory has completed its audit for the QC 080000 IECQ Hazardous Substance Process Management (HSPM) qualification, which the Company believes makes it one of the first solar module manufacturing companies to receive the certification.
QC 080000 IECQ HSPM is the international technical specification for an organization's processes to manage and minimize, or eliminate hazardous substances. The qualification confirms that CSI has a process-oriented quality management system (QMS) in place, compliant with ISO 9001:2000. The distinguished qualification carries with it the potential for reduced testing and supplier management costs, and the reduced risk of violating laws in a changing regulatory landscape.
The audit was conducted by the internationally recognized certification body TUV, a leading international safety testing and certification services company.
Meanwhile, CSI's newly built solar cell factory in Suzhou and its recently built module factory in Luoyang has passed ISO 9001:2000 certification audits by TUV last week. As a result, all of CSI production facilities are now certified to ISO 9001:2000 standard.
Dr. Shawn Qu, Chairman and CEO of CSI, said, "The qualification demonstrates CSI's high standard and industry leadership on product safety. It also demonstrates our technical competence and operational skill with regards to the ability to manufacture high quality products, while maintaining our devotion to environmentally friendly manufacturing processes. We are fully prepared to move into lead-free module production if required to by regulatory bodies, which further highlights the ability of CSI's management team to respond to changes in the regulatory landscape for renewable energy. This recognition of our operational efficiency and integrity will further bolster our global reputation, and will help raise our profile with potential new customers."
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007 and its registration statement on Form F-1 originally filed on October 23, 2006, as amended. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and CSI undertakes no duty to update such information, except as required under applicable law.