Yingli and WattGlass Partner to Deploy SunShot Funded AR Coating

BAODING, China, Sept. 11, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar" or "Yingli"), one of the world's leading solar panel manufacturers, today announced a partnership with WattGlass Inc., a provider of the best-in-class anti-reflection (AR) and anti-soiling (AS) coating for module glass. WattGlass is a SunShot awardee and has been working closely with Yingli Green Energy Americas (Yingli Americas) over the past twelve months to demonstrate leading performance and reliability metrics.

The U.S. Department of Energy SunShot Initiative is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. Through SunShot, the Energy Department supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour.

The WattGlass coating virtually eliminates reflection, glare, and fogging on glass and other transparent materials using a proprietary nanoparticle coating. The coating is uses no solvents and is completely water based which makes it easy to handle and eliminates cumbersome storage requirements. The coating improves nameplate module power output over competing coatings while also providing value to project owners through reduced operational and maintenance costs. This partnership will combine Yingli's world class manufacturing expertise with WattGlass' award winning technology and will result in a pilot demonstration in 2018.

"Yingli is focused on providing the most value to customers and we are committed to differentiating ourselves through advanced technology solutions. The WattGlass coating is an example of this commitment as it enables higher power outputs while also reducing the maintenance costs for project owners," commented Sergiu Pop, Director of Business Development for Yingli Americas. "We are evaluating the technology for implementation across our product lines and are excited to be working with WattGlass."

"The SunShot award has enabled us to complete all the necessary testing to go-to-market and we are thrilled to be working with Yingli," said Corey Thompson, CEO of WattGlass. "The WattGlass coating will provide an immediate advantage over competing technologies and the Yingli team is world-class at moving technologies from the lab to full-scale manufacturing."

About Yingli Green Energy

Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar module manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20 regional subsidiaries and branch offices and has distributed more than 17 GW solar PV modules to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo.

About WattGlass

WattGlass has developed best-in-class coatings for anti-reflection and anti-soiling applications on glass and other transparent substrates. Supported by the Department of Energy SunShot program, WattGlass has developed this technology for the solar industry while also working with LED, architectural and automotive glass providers. For more information, please visit www.wattglass.com and join the conversation on Facebook and Twitter.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of 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," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact:

In China:

Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: [email protected]

In the Americas:

Amy Chang
Marketing Communications Manager Americas
Yingli Green Energy Americas
Email: [email protected]

SOURCE Yingli Green Energy Holding Company Limited

Related Links

http://www.yinglisolar.com