Tag Archives: ECP

PR Newswire

JinkoSolar’s Principal Operating Subsidiary Jinko Solar Co., Ltd Raises approximately US$ 458 Million in Preparation for its Listing on the STAR Market

Leave a comment

SHANGRAO, China, Oct. 30, 2020 — JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced the completion of a RMB 3.1 billion (approximately US$ 458 million) equity financing by its principal operating subsidiary Jinko Solar Co., Ltd. ("Jiangxi Jinko").

As previously announced, the equity financing was conducted to qualify Jiangxi Jinko for a listing on the Shanghai Stock Exchange’s Sci-Tech innovation board (the "STAR Market") and to raise additional capital to support its continuous expansion. Immediately after the closing, reputable Chinese third-party investors including China Industrial Bank Group, CIIT Asset Management Co., Ltd., YunShang Fund, Huaho Capital, and China Capital Management Co., Ltd., China Securities Investment Co., Ltd., together with JinkoSolar’s founders and senior management personnel, directly or through their investment arms, will collectively own approximately a 26.7% equity interest in Jiangxi Jinko.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "The successful completion of this fundraising marks an important milestone for us and takes us one step closer to the planned listing of Jiangxi Jinko in China. It also provides us with the capital to expand our capacity and further strengthen our leading position in R&D. We are thankful for the strong support from our new investors and are committed to creating sustainable value for all our shareholders."

Following the closing of this transaction, JinkoSolar will actively prepare for the planned STAR Market listing of Jiangxi Jinko pursuant to relevant laws and regulations in China. JinkoSolar remains fully committed to its shareholders and its NYSE listing and will remain the majority and controlling shareholder of Jiangxi Jinko after its STAR Market listing.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 7 production facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland, and Argentina.

To find out more, please see: www.jinkosolar.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 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 JinkoSolar’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.

For investor and media inquiries, please contact:

In China:

Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: + 86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.jinkosolar.com

PR Newswire

ViewSonic Launches New Product Lines Notas Pen Display and WoodPad Paper for Distance Learning

Leave a comment

Next-generation Solutions to Support the New Normal in Education

BREA, Calif., Oct. 28, 2020 — ViewSonic Corp., a leading global provider of visual solutions, today announced the launch of the Notas Pen Display and the WoodPad Paper to enhance the experience of distance learning and coping with "the new normal" of the post-pandemic world. These new solutions are to be used as supplementary equipment at home, in the classroom, and highly portable. The Notas Pen Display PD1330 is the thinnest 13.3" pen display featuring a battery-free pen to create, manage and share digital materials. The WoodPad Paper is a user-friendly solution that offers the advantage of digitalized learning notes in real-time.

"As a leader in education technology, ViewSonic has leveraged its forward vision to solve the education challenges posed by the COVID-19 pandemic. With our latest innovative solutions, teachers and students will advance their skill in distance teaching and learning and be able to transit back to school seamlessly," said Kevin Chu, Director of the Pen Display and Authentication Business Unit, ViewSonic. "The new solutions are also a testament to ViewSonic’s long-term commitment to the education sector, for instance, ViewSonic’s myViewBoard platform provides a highly effective, intuitive, and engaging distance learning experience."

Notas Pen Display – The thinnest 13.3" pen display for Teachers

There are two main challenges teachers are facing in distance teaching – the difficulty of using a mouse to add annotations and the ability to maintain eye contact with students. By using a portable digital whiteboard, teachers are able to write and take notes on the Notas and still keep eye contact with the students as they would in a physical classroom. This new device allows intuitive teaching without changing the teachers’ natural behavior.

With a lightweight (0.8 kg) and ultra-thin (7 mm) design, this visual tool transmits course content in a digitalized whiteboard handwriting format directly to each student in the classroom or elsewhere. With these high-level specifications, the product could also be used for professional drawing education.

Teaching materials are displayed accurately onto the digital whiteboard due to its matte LCD with pen pressure levels of 8,192 and +/- 60-degree pen tilt angle for a natural handwriting experience. The 250 pps (point per second) response rate minimizes latency – less than 26 ms. Moreover, the battery-free pen is specifically designed to allow for precise yet diverse handwriting of text, math formulas, and other common teaching content.

To provide a better user experience, the Notas also features six user-defined hotkeys. Teachers could set up shortcuts for functions they use most often, like "Eraser" or "Recovery." Thanks to the one cable USB Type-C support, the Notas could be easily set up to keep your desktop clean and tidy.

WoodPad Paper – A user-friendly Tool for Digitalizing Classroom Notes

The WoodPad Paper is designed to help teachers and students digitize notes in real-time synchronization, comes with a drawing pad and battery-free pen. The device works with a variety types of paper, from sticky notes to yellow legal notepads, with up to 1 cm thickness. It also complies with international D1 pens while changing strokes and colors on different software platforms. 

Ideal as a complement to non-touch notebooks, the WoodPad Paper offers 4,096 pen pressure levels, a +/- 60-degree pen tilt angle, and a 5,080 LPI resolution on a 7.5” writing surface to create precise handwriting into a digital format for easier management and storage. 

For more excellent usability and versatility, the USB-powered WoodPad Paper eliminates battery replacement problems and offers broad compatibility with Windows, Mac OS, and Chrome OS.

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, digital signage, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 30 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers "See the Difference." To find out more about ViewSonic, please visit www.viewsonic.com.

Related Links :

http://www.viewsonic.com

PR Newswire

ReneSola Power and Novergy to Form Joint Venture to Develop Solar Projects in the UK

Leave a comment

STAMFORD, Conn., Oct. 26, 2020 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Novergy, a subsidy-free solar platform specialised in the origination, development, design, optimization, construction and commissioning of solar projects in the United Kingdom, today announced that they entered into a strategic partnership agreement to co-develop utility-scale projects in the UK. 

As part of the agreement, ReneSola Power and Novergy will create a joint venture company.  The JV expects to continue the development of the existing pipeline of 100MW, and intends to develop at least another 100 MW of utility-scale projects in the next couple of years.

Mr. Josef Kastner, CEO of ReneSola European Region, commented, "We are excited about this partnership, as it combines strengths and competitive advantages of both companies, and provides new opportunities to enable further expansion into the UK market.  We expect the JV to benefit both companies by building a more robust utility project portfolio while leveraging our expertise in project development." 

Mr. Yumin Liu, Chief Executive Officer of ReneSola Power, added, "Business momentum continues. This is the second joint venture we have announced in a month, and we look forward to working with our partners to expand our reach in Europe.  We believe this once again represents an important step for us to grow our global pipeline in the next several quarters and beyond."

Mr. Florent Leblanc, Chief Executive Officer of Novergy, said, "We are delighted to be partnering with Renesola Power who is a long standing player in the solar sector and will enhance our financing and development capabilities in the UK. This agreement with Renesola Power is a testament to Novergy’s track record and a significant step towards our mission to develop 1GW of solar projects in the UK over the next few years."

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

About Novergy

Novergy has one of the strongest track records in the UK Solar PV sector with direct involvement in over 1GW of large-scale solar projects and has for ambitions to play a leading role in the decabornisation of the UK electricity sector at no cost to the tax payer.  Our mission is the origination, development, design, financing, construction and operation of new solar PV in the UK.

Related Links :

http://www.renesolapower.com

PR Newswire

LG Innotek’s high-efficiency ferrite, Advancing the Era of Ultra-Slim OLED TVs Under 2cm Thick

Leave a comment
  • Ultra-slim TV and lightweight vehicles with improved energy efficiency
  • Reduced development period to 1/4 of projected time, achieving world-class performance
  • Internalization of core materials to provide differentiated customer value

SEOUL, South Korea, Oct. 18, 2020 — LG Innotek announced on the 19th that it has successfully developed a high-efficiency ferrite with the lowest power loss in the world. This development has contributed to LG Innotek’s dominance in the TV and vehicle power markets.

LG Innotek’s high-efficiency ferrite
LG Innotek’s high-efficiency ferrite

Ferrite is a magnetic material with iron oxide as its primary raw material, and ferrite powder is hardened into a tile shape for industrial use. It is usually installed in TV power modules, vehicle power sources, and chargers (On Board Charge, OBC) to change the voltage or remove unnecessary signals generated by current surges. This provides a stable power supply to display panels for TVs and air conditioners, as well as audio systems for vehicles.

As home appliances and electric vehicles have become increasingly smaller and more functional, high-efficiency ferrite– which is advantageous for ultra-slim and high-efficiency products– is being touted as a next-generation material.

The high-efficiency ferrite developed by LG Innotek has a maximum of 40% less power loss from heat compared to general ferrite. In addition, its low-loss characteristics are maintained at temperatures of -40 degrees Celsius to 140 degrees Celsius, giving it the advantage of realizing perfect quality in high-temperature TV interiors and various driving environments.

  • Ultra-slim TV and lightweight vehicles with improved energy efficiency

LG Innotek’s high-efficiency ferrite is advantageous in making ultra-slim TVs and reducing the weight of vehicles to increase fuel efficiency for electric and hydrogen vehicles.

Using this material allows a 60% reduction in TV thickness by making the TV power module only 9.9mm, the thinnest in the world. The normal thickness of a 65-inch ultra-slim OLED TV equipped with a general power module is about 46.9mm. When a high-efficiency ferrite power module is applied, the thickness can be reduced to 20mm or less. This is because the number of components for securing the required power is reduced by 1/3 due to low power loss.

In addition, high-efficiency ferrite can increase the energy efficiency of TV power modules up to 5%points. As the energy efficiency of a component increases, heat generation is reduced and the damage caused by heat minimized, thereby extending the life of the component.

When this product is applied to a vehicle DC-DC converter, the volume and weight of the converter can be reduced by 10% compared to the previous model, and the energy efficiency of the converter can be increased up to 1.2%points.

It also helps reduce the risk of fire due to the overheating of vehicle power. The low heat generation of high-efficiency ferrite can lower the temperature of components by up to 20 degrees Celsius compared to previous models.

  • Reduced development period to 1/4 of projected time, achieving world-class performance

In the field of ferrite, Japanese companies have dominated the market with the No. 1 technology in the world. However, Japanese products have been expensive and difficult to supply.

In response to this, LG Innotek became fully engaged in the development of high-efficiency ferrite starting in 2018. Since LG Innotek decided it would be difficult to close the gap with Japanese products using existing development methods, LG Innotek has applied simulation techniques such as digital transformation (DX) and artificial intelligence (AI) methods to design materials for the first time in the industry.

LG Innotek automates the process of finding the best-performing material composition ratio with supercomputers, greatly reducing the time and frequency of experiments while enhancing the accuracy of results. In the past, researchers conducted thousands of direct experiments to find the optimal ratio, which took a long time and was susceptible to user errors.

By making active investments in employing the latest software, technical advices, and industry-university cooperation, LG Innotek has successfully shortened their development period from a projected four years to only one year and four months.

  • Internalization of core materials to provide differentiated customer value

LG Innotek’s strategy is to strengthen its competitiveness by expanding the application of high-efficiency ferrite, a core material for its products.

In addition, LG Innotek is actively pushing ahead with promotional activities for global electronic companies and automakers with the aim of mass production of materials in the first half of next year. Also, in order to solidify its position as the No. 1 technology company in the field of high-efficiency ferrite, LG Innotek is spurring the advanced development of materials with improved performance based on approximately 120 related patents.

"It is a significant achievement that LG Innotek’s unique method of internalizing core materials in a short time has enabled us to provide a stable product supply with the best performance and quality to customers," said Bae Seok, a research fellow of Magnetic Components Task in LG Innotek’s CTO Division. "We will continue to provide differentiated value to our customers by utilizing magnetic materials," he continued.

For more information, please refer to the website: www.lginnotek.com

 

Related Links :

http://www.lginnotek.com/

PR Newswire

L-com Introduces New Category 5e-Rated, Profinet Bulk Cable, Field Term Plugs and Cable Assemblies

Leave a comment

IRVINE, Calif., Oct. 16, 2020 — L-com, an Infinite Electronics brand and a preferred manufacturer of wired and wireless connectivity products, announced today that they have launched a new series of bulk cable, field term plugs and cable assemblies designed to address Profinet network applications.

TFDP501-100
TFDP501-100

L-com’s new line of outdoor/industrial Profinet bulk cable is designed for extreme applications where rugged, shielded cables are required. It features oil, chemical and ultra-violet-resistant jackets and is designed for PLTC Profinet-rated applications that meet Category 5e, 2-pair electrical specs. This bulk cable is available with solid or stranded 22AWG conductors, which are suitable for Profinet Type-A, B or C applications. The stranded bulk cable is high-flex-rated and has been tested to 1 & 10 million flex cycles. This new bulk cable is Category 5e channel and PoE 802.3-rated for up to 100 meters.

The new shielded, field terminable, Category 5e-rated Profinet plugs are specifically designed for larger gauge Profinet cables and are available in straight or right-angle versions. The angled version can be set at any 90° or 45° increment during termination. The IDC termination for these plugs is quick and easy. The optional HT-TSPFT hand tool is recommended but is not required for terminating these plugs.

L-com’s Profinet cable assemblies are constructed using the new TFDP501 and TFDP503-series bulk cable, offering customers both solid and stranded conductor options. They are terminated with the new TSPFTPFNS-series field termination RJ45 plugs as well as M12 D-code male and female connectors. Off-the-shelf lengths range from 0.5 to 10 meters and custom length versions can be ordered with no minimum order quantities.

"We are excited to now offer a range of connectivity products designed to address growing Profinet applications which are often located in industrial, harsh environments. Our new Profinet bulk cable, plugs and cable assemblies feature the highest quality materials and construction, and comply with Profinet standards in addition to being both PoE and Category 5e compliant," said Dustin Guttadauro, Product Manager.

L-com’s new Profinet bulk cable, Profinet RJ45 plugs and Profinet cable assemblies are all in-stock and available for immediate shipment.

About L-com:

L-com, a leading manufacturer of wired and wireless connectivity products, offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries. The company’s product portfolio includes cable assemblies, connectors, adapters, antennas, enclosures, surge protectors and more. L-com is headquartered in North Andover, Mass., is ISO 9001: 2015 certified and many of its products are UL® recognized. L-com is an Infinite Electronics brand. 

About Infinite Electronics:

Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables, INC-Installs, and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:

Peter McNeil
L-com
17792 Fitch
Irvine, CA
978-682-6936

Photo – https://techent.tv/wp-content/uploads/2020/10/l-com-introduces-new-category-5e-rated-profinet-bulk-cable-field-term-plugs-and-cable-assemblies.jpg
Logo – https://techent.tv/wp-content/uploads/2020/10/l-com-introduces-new-category-5e-rated-profinet-bulk-cable-field-term-plugs-and-cable-assemblies-2.jpg

Related Links :

https://www.l-com.com

PR Newswire

Celgard Successful in UK Appeal Court, Keeping Injunction Against Senior UK Battery Separator Imports Through Trial

Leave a comment

CHARLOTTE, North Carolina, Oct. 13, 2020 — Following a September 29 appeal hearing, the UK Court of Appeal on October 9 dismissed Senior’s appeal of the UK High Court’s July 30 Judgement, and August 6 Order, granting an injunction through trial in the terms sought by Celgard that blocks Senior’s import of Battery Separators into the UK through trial. In its first decision to consider the EU Trade Secrets Directive and equivalent domestic Regulations, the UK Court of Appeal upheld the decision of the UK High Court to grant an interim injunction under the Regulations to prevent the import of allegedly "infringing goods" into the UK. The Court of Appeal’s dismissal of Senior’s appeal supports the UK High Court’s Judgement in favor of Celgard, which not only granted the injunction against Senior, but also held that Celgard had established an arguable case that Senior had used its trade secrets in developing and manufacturing battery separators and that England was the proper forum for the importation dispute.

Celgard® coated and uncoated dry-process microporous membranes are used as separators that are a major component of lithium-ion batteries. Celgard’s battery separator technology is important to the performance of lithium-ion batteries for electric drive vehicles, energy storage systems and other applications.
Celgard® coated and uncoated dry-process microporous membranes are used as separators that are a major component of lithium-ion batteries. Celgard’s battery separator technology is important to the performance of lithium-ion batteries for electric drive vehicles, energy storage systems and other applications.

Celgard, LLC (Celgard), a subsidiary of Polypore International, LP (Polypore) first obtained an ex parte interim injunction Order against Shenzhen Senior Technology Material Co., Ltd. (Senior) on May 7. On July 30, following a full substantive hearing, the UK High Court gave Judgement continuing the injunction and on August 6 made a corresponding Order in the terms sought by Celgard that blocks Senior’s import of Battery Separators into the UK through trial. 

Earlier, on March 2, Celgard filed a Complaint against Defendants Shenzhen Senior Technology Material Co. Ltd. (Senior-China), Shenzhen Senior Technology Material Co. Ltd. (US) Research Institute (Senior-California), Xiaomin (Steven) Zhang, Sun Town Technology, Inc., Global Venture Development, LLC, and Global Venture Development, Inc. (collectively, Global Venture) (collectively, WDNC Defendants) in the U.S. District Court for the Western District of North Carolina (WDNC) for trade secret misappropriation, unfair and deceptive trade practices and unfair competition, civil conspiracy, unjust enrichment and conversion. The WDNC Complaint alleges the WDNC Defendants, including a former Celgard employee, Xiaomin (Steven) Zhang, now CTO of Senior-China who changed his name to Bin Wang at the request of Senior-China, purposely and unlawfully misappropriated Celgard’s trade secrets and confidential information and continue to do so. Several other violations of the law are also alleged. See Release.

Additionally, on August 6, Celgard filed a Third Amended Complaint against Defendants including Shenzhen Senior Technology Material Co. Ltd. (US) Research Institute (Senior-California), Farasis, and others (collectively, NDCA Defendants) for patent infringement, breach of contract and breach of implied covenant of good faith and fair dealing in the U.S. District Court for the Northern District of California (NDCA). The NDCA Third Amended Complaint alleges the NDCA Defendants infringe Celgard’s United States Reissued Patent RE47,520 (the ‘520 patent), formerly United States Patent 6,432,586 (the ‘586 patent), and Celgard’s United States Patent No. 6,692,867 (the ‘867 patent). 

In September 2019, Celgard successfully settled a patent infringement lawsuit against Targray International. See Release. Celgard also successfully settled two suits in June 2019, against MTI Corporation. See Release.

Celgard intends to fully pursue its trade secret case against Senior in the UK and in the US. The UK Court of Appeal win, the UK High Court interim injunction, and the successful outcome of the Targray and MTI cases further solidify the integrity of Celgard’s intellectual property (IP) regarding trade secrets and coated and uncoated separators for lithium-ion batteries. Celgard will continue to prevent the unfair exploitation of its technology and IP to safeguard its assets and customers.

About Celgard and Polypore

Celgard specializes in coated and uncoated dry-process microporous membranes used as separators that are a major component of lithium-ion batteries. Celgard’s battery separator technology is important to the performance of lithium-ion batteries for electric drive vehicles, energy storage systems and other applications.

Celgard, LLC is a wholly-owned subsidiary of Polypore International, LP, an Asahi Kasei Company.

Polypore is a global company with facilities in nine countries specializing in microporous membranes used in electric and nonelectric vehicles, energy storage systems and specialty applications. Visit www.celgard.com and www.polypore.com.

Photo – https://mma.prnasia.com/media2/1311643/celgard_general.jpg?p=medium600
Logo – https://mma.prnasia.com/media2/798399/PolyPore_Logo.jpg?p=medium600  

Related Links :

Home

PR Newswire

Arctech Solar Unveils New Website to Boost Branding Efforts

Leave a comment

SHANGHAI, Oct. 9, 2020 — Arctech Solar, a leading solar tracking, racking and BIPV system provider, is proud to announce the launch of its newly redesigned website, aiming to offer an elevated and user-friendly browsing experience for our trusted and valued customers and business partners.

This is a new milestone in the innovation-driven, customer-centered company’s branding efforts. Arctech Solar’s new website features improved navigation and functionality, it treats orange as the main background color which is simple and graceful. More importantly, Arctech Solar endeavors to provide its current and prospective customers and partners with the most accurate, up-to-date information on the full product portfolio and comprehensive services of smart solar trackers that it can offer. A generous application of videos, photos and graphics, along with sufficiently detailed and engaging content regarding the company’s products, solutions, and cases to guide visitors. Amongst the new features, the site contains integrated social media buttons for LinkedIn, Facebook, Twitter, YouTube and WeChat to foster improved communication with partners and clients.

Arctech Solar is showing strong momentum in growth and innovation this year despite Covid-19 disruption. It successfully went public on Shanghai Sci-tech Innovation Board in August, and has officially unveiled state-of-the-art SkySmart II solution, which is compatible with high-power & large modules, and satisfy the stability and LCOE requirement. The newly-launched website is also a new starting point for the company. Looking forward, Arctech Solar is excited to see opportunity abounding, and will stay committed to serving valued customers and partners with top-quality products and excellent services.

For more information on Arctech Solar and to view the new site, please visit www.arctechsolar.com starting September 2020.

About Arctech Solar

Arctech Solar (SSE-STAR: 688408) is one of the world’s leading manufacturers and solution providers of solar tracking, racking and BIPV systems. In the past decade, Arctech Solar has successfully set up overseas subsidiaries/business service centers in China, Japan, India, U.S., Spain, Australia, UAE, Mexico, Chile, Brazil and Vietnam. As of the end of 2019, the company has cumulatively installed around 24 GW capacity and completed around 900 projects in 24 countries. Today, Arctech Solar is a reliable partner in the global PV tracking, racking and BIPV industry. For more information, please visit www.arctechsolar.com.

Press Contact:
Lisa Zhou
Telephone: +86-18918888669
Email Address: lisa.zhou@arctechsolar.com

Related Links :

http://www.arctechsolar.com

http://www.arctechsolar.cn

PR Newswire

ChipMOS REPORTS SEPTEMBER 2020 AND 3Q20 REVENUE, REPRESENTING A QUARTERLY SIX YEAR HIGH

Leave a comment

HSINCHU, Taiwan, Oct. 8, 2020 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of September 2020 and for the third quarter ended September 30, 2020.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.95 to US$1.00 as of September 30, 2020.

Revenue for the third quarter of 2020 was NT$5,686.2 million or US$196.4 million, representing an increase of 5.3% from the third quarter of 2019, and an increase of 4.8% from the second quarter of 2020.

Revenue for the month of September 2020 was NT$1,897.1 million or US$65.5 million, representing an increase of 8.4% from September 2019, and a decrease of 0.3% from August 2020.  

The Company noted this represents a quarterly six year high.  ChipMOS continues to benefit from strong growth in its DDIC revenue following a tightening of the supply chain, inventory and capacity in the first half of 2020, as it works with customers to efficiently meet higher demand levels.

Consolidated Monthly Revenues (Unaudited)

September 2020

August 2020

September 2019

MoM Change

YoY Change

Revenues

(NT$ million)

1,897.1

1,902.5

1,749.6

-0.3%

8.4%

Revenues

(US$ million)

65.5

65.7

60.4

-0.3%

8.4%

Consolidated Quarterly Revenues (Unaudited)

Third Quarter
2020

Second Quarter

2020

Third Quarter

2019

QoQ Change

YoY Change

Revenues

(NT$ million)

5,686.2

5,428.1

5,399.1

4.8%

5.3%

Revenues

(US$ million)

196.4

187.5

186.5

4.8%

5.3%

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. 

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19.  Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange commission (the "SEC") and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

PR Newswire

Sungrow Bags 800 MWp PV Inverter Solution Contract in Qatar

Leave a comment

DOHA, Qatar, Oct. 7, 2020 — Sungrow, the global leading inverter solution supplier for renewables, announced that it will power the 800 MWp Al Kharsaa project in Qatar with featured 1500V string inverter SG250HX. The project is noteworthy as the third-largest solar plant in the world and the first utility-scale solar project in Qatar. It’s planned to be fully operational before the 2022 World Cup, supporting Qatar National Vision 2030 by facilitating local economic decarbonization and sustainable development.

The 800 MW Contract Signing Ceremony
The 800 MW Contract Signing Ceremony

The 800 MWp plant is located 80 km west of Doha, Qatar, covering 1000 hectares in a tropical desert and featuring ample sunlight whereas high temperatures and strong wind. The project was awarded to a consortium of Marubeni and Total as the result of the country’s first solar tender, benefiting from a 25-year power purchase agreement (PPA) to supply electricity to the offtaker Kahramaa. It will represent around 10% of electricity peak demand of the country and reduce the carbon dioxide emissions of Qatar by 26 million tonnes during its lifetime.

Sungrow will supply the world’s most powerful 1500V string inverter SG250HX, which is resilient in harsh conditions given the IP66 and C5 protection capability and smart forced air-cooling technology. Compatible with bifacial modules and tracking systems, the solution allows considerable yields by leveraging the sunlight resources onsite. It enables flexible block design allowing up to 6.75 MW, significantly saving the initial investment and streamlining O&M. As one of the best-selling PV inverter solutions, SG250HX is expected to be deployed over 3 GW by the end of 2020.

As the independent power producers (IPP) of the landmark project, Marubeni from Japan and Total from France show great confidence towards the rosy prospect of the project due to prominent product solutions and 100% bankability of Sungrow.

"The Al Kharsaa project is a breakthrough in our track record and will lay the solid foundation for our robust partnership with Sungrow. High-performing products, reliable service, timely deliveries and speed of commissioning have made them a preferred partner for our growing list of assets," commented Mr. Yu Hao, Vice General Manager from Power China, the EPC of the project.

"We are proud to pioneer the first utility-scale solar project in Qatar with the best of our expertise and prop up the national commitment towards a more sustainable society. We’d like to explore more competitive projects to unlock values for stakeholders in the Middle East," said James Wu, Vice President of Sungrow. Wu also mentioned that the Company supplied a 500 MW project in Oman and a 900 MW project in Dubai.

About Sungrow

Sungrow Power Supply Co., Ltd ("Sungrow") is the world’s most bankable inverter brand with over 120 GW installed worldwide as of June 2020. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 23-year track record in the PV space, Sungrow products power installations in over 120 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.

Photo – https://photos.prnasia.com/prnh/20201007/2942872-1?lang=0

Related Links :

http://www.sungrowpower.com

PR Newswire

BorgWarner Completes Acquisition of Delphi Technologies

Leave a comment

– Strengthens Electronics and Power Electronics Products, Capabilities and Scale

– Positions BorgWarner for Greater Growth as Electrified Propulsion Systems Gain Momentum

– Enhances Key Combustion, Commercial Vehicle and Aftermarket Businesses

AUBURN HILLS, Michigan, Oct. .3, 2020 — BorgWarner Inc. (NYSE: BWA) today announced it has completed its acquisition of Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s electronics and power electronics products, capabilities and scale, creating a leader in electrified propulsion systems that BorgWarner believes is well-positioned to take advantage of future propulsion migration.

"We are pleased to complete our acquisition of Delphi Technologies," said Frédéric Lissalde, President and CEO, BorgWarner. "Through this combination, BorgWarner is  even better positioned with a more comprehensive portfolio of industry-leading propulsion products and systems across combustion, hybrid and electric vehicles.  We expect that the combination will also strengthen our commercial vehicle and aftermarket businesses. We welcome Delphi Technologies’ colleagues around the world to the BorgWarner team and are excited about the opportunities we have together to address market trends towards electrification. I am proud of our global workforce, including our integration planning teams, for driving the business forward as we managed through the pandemic and laying a strong foundation for a seamless integration. I have great confidence that we will realize what we believe are significant benefits of this combination for our shareholders, customers and suppliers."

Compelling Strategic and Financial Benefits: 

Bringing BorgWarner and Delphi Technologies together is expected to:

  • Strengthen BorgWarner’s electronics and power electronics products, capabilities and scale, creating a leader in electrified propulsion systems that BorgWarner believes is well-positioned to take advantage of future propulsion migration. Delphi Technologies brings industry leading power electronics technology and talent, with an established production, supply and customer base. The combined company will offer customers a suite of integrated and standalone offerings of power electronics products (including high voltage inverters, converters, on-board chargers and battery management systems) and capabilities (including software, systems integration and thermal management).
  • Enhance BorgWarner’s combustion, commercial vehicle and aftermarket businesses. Delphi Technologies’ breadth of combustion propulsion products complements BorgWarner’s innovative portfolio, which is focused on clean technologies to increase efficiency and performance of modern combustion vehicles. Adding Delphi Technologies’ commercial vehicle and aftermarket business results in more balance across light vehicles, commercial vehicles and the aftermarket.

    Global aftermarket customers will continue to benefit from an extensive portfolio of BorgWarner and Delphi Technologies OE-quality aftermarket parts, services, diagnostic tools and test equipment. As a brand of BorgWarner, Delphi Technologies Aftermarket will maintain its brand identity, and customers across the world will be able to rely on their trusted contacts for sales and customer service support.

The completion of the transaction follows approval by Delphi Technologies’ shareholders, receipt of required regulatory approvals, the satisfaction of certain conditions relating to indebtedness of Delphi Technologies, and the satisfaction or waiver of customary closing conditions. In connection with the close of this transaction, Delphi Technologies common stock will cease to be traded on the New York Stock Exchange.

Conference Call and Presentation Materials

At 9:30 a.m. ET on Thursday, October 8, 2020, a brief conference call with additional details on the acquisition will be webcast at: http://www.borgwarner.com/en/Investors/default.aspx.  Additionally, an acquisition presentation will be available at http://www.borgwarner.com/en/Investors/default.aspx.

About BorgWarner

BorgWarner Inc. (NYSE: BWA) is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Building on its original equipment expertise, BorgWarner also brings market leading product and service solutions to the global aftermarket. With manufacturing and technical facilities in 99 locations in 24 countries, the company employs approximately 48,000 worldwide. For more information, please visit borgwarner.com.

Statements in this news release (this "Release") may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact contained or incorporated by reference in this Release that we expect or anticipate will or may occur in the future regarding our financial position, business strategy and measures to implement that strategy, including changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans, references to future success and other such matters, are forward-looking statements. Accounting estimates, such as those described under the heading "Critical Accounting Policies" in Item 7 of our most recently-filed Annual Report on Form 10-K ("Form 10-K"), are inherently forward-looking.  All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.  Forward-looking statements are not guarantees of performance, and the Company’s actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements.  These risks and uncertainties, among others, include: failure to realize the expected benefits of the acquisition of Delphi Technologies; failure to promptly and effectively integrate Delphi Technologies’ businesses; the potential for unknown or inestimable liabilities relating to the acquired business; our dependence on automotive and truck production, both of which are highly cyclical; our reliance on major OEM customers; commodities availability and pricing; supply disruptions; fluctuations in interest rates and foreign currency exchange rates; availability of credit; our dependence on key management; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims; future changes in laws and regulations, including, by way of example, tariffs, in the countries in which we operate; and other risks noted in reports that we file with the Securities and Exchange Commission, including Item 1A, "Risk Factors" in our most recently-filed Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this presentation to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

Logo – https://techent.tv/wp-content/uploads/2020/10/borgwarner-completes-acquisition-of-delphi-technologies.jpg

Related Links :

http://www.borgwarner.com

http://www.borgwarner.com/