JA Solar Announces Update on Strategic Alliance Agreement With BP Solar
Shanghai, Feb 12, 2009
Source: JA Solar Holdings Co. Ltd press release
http://investors.jasolar.com/phoenix.zhtml?c=208005&p=irol-newsArticle&ID=1256176&highlight=
JA Solar Holdings Co., Ltd. (Nasdaq: JASO), a leading manufacturer of high-performance solar products, today announced that it has signed a supply contract with BP Solar International, Inc., pursuant to the broader strategic cooperation agreement signed with BP Alternative Energy Holdings Limited, announced last November. Under this new agreement, JA Solar will supply monocrystalline and multicrystalline solar cells to BP Solar in 2009, with an initial volume of 175 MW and with the potential to expand to 360 MW. JA Solar is already delivering product under its existing supply agreement with BP.
“We are very pleased to extend our relationship with BP Solar into 2009 and beyond,” said Samuel Yang, CEO of JA Solar. “JA Solar will leverage its supply chain relationships and manufacturing expertise to help BP Solar grow their business and support their strong market position. With BP Solar’s diverse customer portfolio, strong brand, and sales and marketing capabilities in key solar end markets, we believe our alliance will build on each other’s strengths and allow market share gain for both companies. We believe this extended agreement with BP Solar will positively affect our business in 2009 and in years to come,” he said.
JA Solar plans to announce its fourth quarter and 2008 financial results during the second week of March. Details on the company’s earnings release and conference call dates will be announced in the coming weeks.
About JA Solar Holdings Co., Ltd.
Based in Shanghai with manufacturing operations in Hebei and Yangzhou, China, JA Solar Holdings Co., Ltd. is a leading manufacturer of high- performance solar cells. The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation. For more information, please visit http://www.jasolar.com.
About BP Solar
BP Solar is BP p.l.c.’s global solar business, with more than 2,200 employees. BP Solar designs, manufactures and markets products which use the sun’s energy to generate electricity for a wide range of applications in the residential, commercial and industrial sectors. With over 30 years of experience and installations in more than 160 countries, BP Solar is one of the world’s leading solar businesses. It has manufacturing plants in India, Spain, the USA and China. BP Solar invests in photovoltaic research and development.