Hanwha Q CELLS strengthens its business in France

SEOUL, South Korea, Sept. 15, 2015 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (NASDAQ:HQCL), one of the world's largest providers of photovoltaic modules and solutions, has founded a subsidiary company under the name of Hanwha Q CELLS SAS, located in Aix-en-Provence, France.

Additionally the company has opened a 5.000 m² warehouse in the country, located in Lyon. Both steps have been taken in reply to growing demand for products, solutions and services of the renowned Q CELLS brand in France, mainly in the residential; commercial and industrial market segments. With a subsidiary as well as the centrally located warehouse in France, Hanwha Q CELLS will even more be able to flexibly serve customers in France through its growing installer network, which is today covering the whole of France and counts more than 50 certified installer partners of Hanwha Q CELLS.

"We are very happy about the growing demand for Q CELLS in France," said Philippe Pflieger, Managing Director of Hanwha Q CELLS SAS France. "With our strengthened setup as well as our established and still growing installer network, we are now very well positioned to satisfy the needs of French Q CELLS customers for quality products and services across the entire country."

Hanwha Q CELLS SAS is located in Aix-en-Provence

After the opening of its first office and strengthening the team in France in 2014, Hanwha Q CELLS further underlines the importance of France for its PV business in the European Union by founding the subsidiary company and opening the new warehouse in 2015. Hanwha Q CELLS SAS is now providing all services from sales, to order management, to logistics, to customer and after sales service to its customers in France.

Centrally located warehouse for efficient and fast delivery

Close to Lyon the new warehouse of Hanwha Q CELLS SAS is ideally located to serve the strong PV regions in the sunny south of France and the rest of the country equally fast and reliably. The warehouse covers 5.000 m², provides storage for more than 15 MW of PV modules and kit components and has potential for increasing its capacity in the future.

Growing demand and positive business outlook

France continuously is one of the top-three PV markets in the EU for Hanwha Q CELLS with potential for further growth in the coming years. "We have strong confidence to gain additional market shares in France going forward," said Philippe Pflieger. "French customers value leading performance and quality and expect excellent service. That's why we see a lot of potential for our Q CELLS products, which stand for German quality and engineering."

About Hanwha Q CELLS

In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, Hanwha SolarOne and Hanwha Q CELLS. The combined company is listed on NASDAQ under the trading symbol of HQCL. It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world's largest solar cell manufacturer as wells as one of the largest photovoltaic module manufacturers. Due to its diverse international production setup including facilities in China, Malaysia and South Korea, Hanwha Q CELLS is in the unique position to flexibly address market needs globally, even including certain key markets with import tariffs, such as the USA and the European Union. Based on its well respected "Engineered in Germany" technology, innovation and quality, Hanwha Q CELLS offers the entire range of outstanding photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. The combined company is also engaged in downstream development and EPC business. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a Top-Ten business enterprise in South Korea. For more information, visit: http://investors.hanwha-qcells.com/

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS' operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hanwha Q CELLS Co., Ltd.

Related Links

http://investors.hanwha-qcells.com

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