Hanwha SolarOne Completes 20 MW Module Supply Agreement with Haike Engineering Holding Co., Ltd.

SHANGHAI, Dec. 3, 2014 /PRNewswire/ -- Hanwha SolarOne Co. Ltd. (the "Company", or "Hanwha SolarOne"), a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced it has completed the delivery of 20 MW of Hanwha SolarOne's high quality E-star HSL72 modules to Haike Engineering Holding Co., Ltd. Deliveries were made throughout November to a ground-mounted project in Dunhuang, Gansu Province, China.

Mr. Jay SEO, Chief Financial Officer of Hanwha SolarOne, commented, "We are pleased that Haike Engineering chose to work with Hanwha SolarOne, in recognition of our quality and reliability. This latest delivery in China builds on the Company's renewed momentum in the China market in the second half of 2014. A growing customer base and depth was demonstrated in the third quarter, when shipments to the China market represented approximately 30% of total shipments and over a 400% increase from the prior quarter. The fourth quarter will also be characterized by a strong showing in the China market for us as we look to expand our presence in the largest solar market in the world."  

About Hanwha SolarOne       

Hanwha SolarOne Co., Ltd. (NASDAQ: HSOL) is one of the top 10 photovoltaic module manufacturers in the world, providing cost-competitive, high quality PV modules. It is a flagship company of Hanwha Group, one of the largest business enterprises in South Korea. Hanwha SolarOne serves the utility, commercial, government and residential markets through a growing network of third-party distributors, OEM manufacturers and system integrators. The company maintains a strong presence worldwide, with a global business network spanning Europe, North America, Asia, South America, Africa and the Middle East. As a responsible company committed to sustainability, Hanwha SolarOne is an active member of the PV Cycle take-back and recycling program. For more information, please visit: www.hanwha-solarone.com.

About Haike Engineering Holding Co., Ltd.

Haike Engineering Co., Ltd. was founded in October 2011, with registered capital of 50 million Yuan. Haike Engineering was jointly invested in by Renewable Energy Asia Group Ltd. and the Asian new business Co., Ltd. in Haimen, Jiangsu Province. Haike Engineering focuses on the development and utilization of new energy sources, energy equipment manufacturing as well as construction of new energy projects.

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 Company's 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 in the forward-looking statements. Further information regarding these and other risks is included in Hanwha SolarOne's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hanwha-solarone-completes-20-mw-module-supply-agreement-with-haike-engineering-holding-co-ltd-300004003.html

SOURCE Hanwha SolarOne Co., Ltd.

Related Links

http://www.hanwha-solarone.com

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