Canadian Solar Announces a New Distribution and Sales Agreement in Spain
JIANGSU, CHINA – Jan 3, 2007
source: Canadian Solar /press release
http://phx.corporate-ir.net/phoenix.zhtml?c=196781&p=irol-newsArticle&ID=946051
Canadian Solar Inc. (“the Company,” or “CSI”) (NASDAQ:CSIQ) today announces that it has signed a new distribution and sales agreement with Amur Energy Division (“AED”). Under the agreement, CSI has already commenced delivery of its crystalline photovoltaic panels to AED. The contract is expected to have an estimated value of approximately $40 million to $50 million in 2007.
Shawn Qu, Chairman and CEO of CSI, commented: “Adding another strong distribution partner with such impressive marketing and sales skills will help drive CSI’s continued growth in the important Spanish market.” Jesus Linares Gil, Chairman and CEO of AED commented: “This agreement comes at the right moment to take advantage of the consolidation of the Spanish solar power market, and will allow CSI’s products to gain a leading position in the Spanish sales of solar modules.”