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PR Newswire

Court Order Against Senior Preventing Importation of Battery Separators Into the United Kingdom is Extended

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CHARLOTTE, North Carolina, May 28, 2020 /PRNewswire/ — Following the United Kingdom (UK) court’s grant on May 7, 2020 of an interim injunction against Shenzhen Senior Technology Material Co., Ltd. (Senior) as requested by Celgard, LLC (Celgard), a subsidiary of Polypore International, LP (Polypore), the matter returned before the UK court on May 21, 2020. The court’s new order continued the effect of the interim injunction pending a further substantive hearing that will take place on an agreed date between June 29 and July 10, 2020. Senior provided an official letter to the Judge acknowledging its formal undertakings to the UK court. Celgard intends to pursue an injunction through trial of its trade secret case against Senior at the next hearing.

Celgard® dry-process coated and uncoated microporous membranes are used as separators in various lithium-ion batteries used primarily in electric drive vehicles (EDV), energy storage systems (ESS) and other specialty applications.
Celgard® dry-process coated and uncoated microporous membranes are used as separators in various lithium-ion batteries used primarily in electric drive vehicles (EDV), energy storage systems (ESS) and other specialty applications.

On April 30, 2020, Celgard filed an application for an urgent injunction against Senior in the High Court of Justice in London, England. On May 7, on an ex parte basis, the UK court granted an interim injunction to prevent Senior from importing certain battery separators into the UK.

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.

Additionally, Celgard filed a Second Amended Complaint against Defendants Shenzhen Senior Technology Material Co. Ltd. (US) Research Institute (Senior-California), Farasis Energy USA, Inc., Farasis Energy, Inc., Farasis Energy (Gan Zhou), Inc., and Farasis Energy (Gan Zhou) Co., Ltd. (collectively, Farasis), Sun Town Technology, Inc., Global Venture Development, LLC, and Global Venture Development, Inc. (collectively, Global Venture) (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 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.

The NDCA Second 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), on ceramic coated separators, and Celgard’s United States Patent No. 6,692,867 (the ‘867 patent), on polypropylene separators, as well as several other violations of law and breaches. See Release.

In December 2019, Celgard filed a First Amended Complaint in the NDCA adding to the suit the Defendants Farasis, Sun Town, and Global Venture. See Release. 

In September 2019, Celgard filed suit against Senior who sells separators globally that they make in Shenzhen, China. Celgard’s Complaint alleges Senior has infringed Celgard’s U.S. ‘520 and ‘867 patents on ceramic coated and polypropylene separators, and has unlawfully misappropriated and misused Celgard’s trade secrets and confidential information, among other violations and seeks compensation for damages. See Release.

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.

The effective extension of the interim injunction and the successful outcome of the Targray and MTI cases further solidifies the integrity of Celgard’s intellectual property (IP) regarding 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.

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PR Newswire

Sungrow Received UL9540 Compliance Certificate for C&I Energy Storage System ST556kWh-250UD in the North American Market

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HEFEI, China, May 27, 2020 /PRNewswire/ — Sungrow, the global leading inverter solution supplier for renewables, announced recently that the Company’s energy storage system (ESS) had received the UL9540 certificate issued by TÜV Rheinland for North American C&I energy storage market, demonstrating that this competitive ESS solution meets the comprehensive and stringent local requirements in system safety and compliance, and forecasting more installations that it will be involved in.

UL9540 Compliance Certificate for C&I Energy Storage System ST556kWh-250UD
UL9540 Compliance Certificate for C&I Energy Storage System ST556kWh-250UD

As one of the world’s largest energy storage markets, North America holds the most rigid standards for the energy storage system. The ESS ST556kWh-250UD is completely in compliance with UL9540, UL9540A, and the updated National Fire Protection Association (NFPA) criteria NFPA 855, NFPA 70, which are well recognized & authoritative proof of system with high quality, safety and reliable performance.

Optimized to the growing demand for C&I energy storage market in the North America, Sungrow rolled out this all-in-one solution in September 2019 with competitive system design for the best in class energy density and low LCOE, consisting of the stellar PCS (Power Conversion System) SC60HV, lithium batteries, energy management system, HVAC (Heating Ventilation Air Conditioning), the fire suppression system and more devices.

More specifically, equipped with 556kWh of Samsung SDI Mega E3 lithium batteries, the system can be of higher power density and cost-saving. Featuring the optimized three-level technology, the energy conversion efficiency of the PCS can be higher. Also, allowing up to six units of the system to operate in parallel on the AC side makes the configuration more flexible.

Safety is the most important parameter in many customers’ minds. The E-stop function enables fast acting and arc protection for better safety management. Housed in an outdoor cabinet, the PCS and batteries are designed compartmentally. The battery compartment integrates HVAC overhead to guarantee that the battery works at a constant ambient temperature, ensuring longer battery life and safety.

Furthermore, the outdoor cabinet design is more aesthetic in appearance and ideally address the demands for C&I applications. With a high anti-corrosion capacity of C5, the system can be resilient to harsh conditions, like costal and high-pollution industrial areas.

“The UL9540 certified solution ST556kWh-250UD with compact design, small footprint and optimized thermal performance, guarantees minimized system operation overhead and warranty claim hassles in response to the high demand of peak shaving, frequency regulation and demand charge management,” said Hank Wang, President of Sungrow Americas. “We are delighted to bring forth more innovations to the North American storage market together with the comprehensive technical-support, sales and after-sale service.”

As one of the pivotal energy storage players with 23-year track record, Sungrow is active in over 900 major energy storage projects across the globe with zero security incidents by the end of 2019, ranging from islands to high altitude plateaus, from ports to residential applications. Given the cutting-edge technology, the amount of installations as well as orders of Sungrow ESS surpassed 500 MWh in the North America by May this year. Landmark projects include the first 1500V DC-coupled PV-plus-storage project in Florida (1.5MW/3.836MWh), and a 15MW/32MWh project in Massachusetts.

About Sungrow

Sungrow Power Supply Co., Ltd (“Sungrow”) is the world’s most bankable inverter brand with over 100 GW installed worldwide as of December 2019. 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 & industrial, 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 60 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.

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PR Newswire

FlowForma & MicrotechDPS Join Forces, To Support APAC Region With Process Automation Tools

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DUBLIN, May 19, 2020 /PRNewswire/ — FlowForma®, the leading provider of Process Automation tools for Microsoft Office® 365, today announced an exciting new partnership with MicrotechDPS, to deliver the award-winning FlowForma Process Automation tool to organizations in Australia and the greater APAC region.

Olivia Bushe, Chief Executive Officer, FlowForma.
Olivia Bushe, Chief Executive Officer, FlowForma.

A Microsoft partner, MicrotechDPS provide its clients with an extensive range of IT solutions and services to assist and enhance in the day-to-day running of their business. Looking to add a process automation solution to their list of offerings, MicrotechDPS came across the FlowForma Process Automation tool, and quickly sought a demonstration to discover its capabilities.

Upon seeing the tool in action, MicrotechDPS were confident they had found the right process automation app to supply to its clients. A 3-in-1 tool combining forms, workflow and document generation that could sit on top of Office 365 was their ideal preference. FlowForma Process Automation’s no-code methodology and rapid prototyping capabilities only further rubber-stamped their decision.

Having a long history of delivering successful process automation projects, MicrotechDPS wanted to be able to combine its skills in this area by helping organizations leverage and build on top of any existing Microsoft Office 365 platform clients may have. FlowForma Process Automation was the perfect solution for them to deliver process automation to those who already have, or are considering moving to, SharePoint Online.

The new partnership emphasizes FlowForma’s commitment to empowering its global customer base, with the company excited to ramp-up operations in Australia and surrounding countries in the APAC region. From initial conversations, it became clear that both FlowForma and MicrotechDPS hold similar cultural and business values, meaning a partnership was the obvious and natural choice for both parties.

“We are thrilled to be working alongside FlowForma to provide our clients across Australia and the APAC region with a powerful process automation tool, to automate their business processes. From our initial conversations we could clearly see similarities in our customer base and the industries with which we serve, it was a unanimous decision,” said Joel Steers, General Manager, MicrotechDPS.

Olivia Bushe, CEO, FlowForma added: “It gives me great pleasure to announce MicrotechDPS as a FlowForma partner. We are truly excited of the potential opportunities this partnership can bring to construction, healthcare, finance and public organizations across the APAC region, helping them to digitize processes and prepare for a paperless and social distancing world.” 

Supporting Resources:

About FlowForma

FlowForma, the leading provider of Process Automation tools for Microsoft Office 365® has been revolutionizing the traditional BPM space with an innovative approach to developing award winning products that empower users to create and streamline processes smarter and faster, utilizing the familiar SharePoint platform, without any coding.

FlowForma is a Gold Microsoft Partner, with over 150,000 users across Europe, America, and Asia. The company is headquartered in Dublin with offices in London and Boston and is motivated by its values to innovate, evolve, and achieve with employees, customers and partners.

For further information or a 14-day free trial, visit www.flowforma.com

About MicrotechDPS

Established in 2004, MicrotechDPS provide a full suite of business technology services. Its holistic approach makes MicrotechDPS unique as a technology business partner by managing the lifecycle of a company’s IT & Print investments, from planning to procurement through to installation, training, and ongoing support. MicrotechDPS build long term relationships with its clients by learning and understanding what it is they do, and then match solutions to the activity that drives their business.

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PR Newswire

United Kingdom High Court of Justice Grants Celgard an Interim Injunction Against Senior Preventing the Importation of Battery Separators Into the UK

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CHARLOTTE, N.C., May 12, 2020 /PRNewswire/ — Celgard, LLC (Celgard), a subsidiary of Polypore International, LP (Polypore), recently filed an application for an urgent injunction against Shenzhen Senior Technology Material Co., Ltd. (Senior) in the High Court of Justice in London, England. On May 7, on an ex parte basis, the UK court granted an interim injunction to prevent Senior from importing certain battery separators into the UK, which will be maintained until at least the next substantive hearing against Senior. The UK court also granted Celgard’s request for alternative service of the injunction order on Senior via Senior’s United States (U.S.) entity. Celgard will pursue an injunction through trial and its claim for misuse of Celgard’s trade secrets against Senior.

Celgard(R) dry-process coated and uncoated microporous membranes are used as separators in various lithium-ion batteries used primarily in electric drive vehicles (EDV), energy storage systems (ESS) and other specialty applications.
Celgard(R) dry-process coated and uncoated microporous membranes are used as separators in various lithium-ion batteries used primarily in electric drive vehicles (EDV), energy storage systems (ESS) and other specialty applications.

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. Additionally, Celgard filed a Second Amended Complaint against Defendants Shenzhen Senior Technology Material Co. Ltd. (US) Research Institute (Senior-California), Farasis Energy USA, Inc., Farasis Energy, Inc., Farasis Energy (Gan Zhou), Inc., and Farasis Energy (Gan Zhou) Co., Ltd. (collectively, Farasis), Sun Town Technology, Inc., Global Venture Development, LLC, and Global Venture Development, Inc. (collectively, Global Venture) (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 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.

The NDCA Second 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), on ceramic coated separators, and Celgard’s United States Patent No. 6,692,867 (the ‘867 patent), on polypropylene separators, as well as several other violations of law and breaches. See Release.

In December 2019, Celgard filed a First Amended Complaint in the NDCA adding to the suit the Defendants Farasis, Sun Town, and Global Venture. See Release. 

In September 2019, Celgard filed suit against Senior who sells separators globally that they make in Shenzhen, China. Celgard’s Complaint alleges Senior has infringed Celgard’s U.S. ‘520 and ‘867 patents on ceramic coated and polypropylene separators, and has unlawfully misappropriated and misused Celgard’s trade secrets and confidential information, among other violations and seeks compensation for damages. See Release.

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.

The grant of the interim injunction and the successful outcome of the Targray and MTI cases further solidifies the integrity of Celgard’s intellectual property (IP) regarding 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.

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PR Newswire

Sungrow Rolls Out the Latest Three-phase Inverter SG25CX-SA for Brazilian 220V Market

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SAO PAULO, May 8, 2020 /PRNewswire/ — Sungrow, the global leading inverter solution supplier for renewables, launched the Company’s three-phase 1000Vdc commercial inverter SG25CX-SA for Brazilian 220V grid system, showcasing its commitment to the flexibility and reliability of regional grid voltage requirement in commercial and industrial (C&I) applications.

Sungrow three-phase inverter SG25CX-SA
Sungrow three-phase inverter SG25CX-SA

Sungrow’s three-phase inverter SG25CX-SA with unparalleled performance is ideal for Brazilian 220V grid condition which accounts for 55% of diversified local grid voltage modes. Equipped with multiple MPPTs, the 25kW inverter is accessible to be installed in diverse commercial PV plants and guarantees optimal power generation even in the shade. It can be compatible with bifacial modules, offering higher yields and lower LCOE as well.

Particularly with an ingress protection level of IP66 and an anti-corrosion grade of C5, it’s able to accomplish the feat with stunning efficiency with improved resilience. Designed with smart forced air-cooling technology, the inverter can operate without derating at scorching weather conditions. With Built-in PID (potential induced degradation) recovery function, the SG25CX-SA can significantly reduce power loss.

It enables remote firmware update, touch free commission and can co-work with Sungrow’s intelligent monitoring system iSolarCloud, which offers a graphical readout of timely plant production, as well as the status of the PV array and inverter via portable smart devices.

“We are enthused to bring forth another standout innovation SG25CX-SA, a typical three-phase inverter for 220V grid for Brazil, maximizing ROI for our customers at unforeseen levels,” said Rafael Ribeiro, Country Manager of Sungrow Brazil. “Along with the rapid development of the comprehensive technical support, sales, after-sale service, we’re confident to navigate more in this vibrant emerging market,” he added.

Since entering Brazil in late 2010s, Sungrow has been making big moves with inverters supplied across the country, including an 80MW project in Brazil and hundreds of distributed generations in partnership with local distributors. Sungrow took the first place in market share across Brazil in 2019, according to IHS Markit.

About Sungrow

Sungrow Power Supply Co., Ltd (“Sungrow”) is the world’s most bankable inverter brand with over 100 GW to be installed worldwide as of December 2019. 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 60 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com.

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Fluidra® introduces the NEW Blueriiot™ Smart Water Analyzer that makes balancing water easy with accurate anytime, anywhere readings and alerts

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When it Comes to Maintaining Water Chemistry it’s Time to Get Connected. Stay Balanced.

SAN DIEGO, May 2, 2020 /PRNewswire/ — Never worry about pool water being out of balance again. The Blueriiot Smart Water Analyzer from Fluidra takes precise readings and lets you know if there’s an issue so you can address it immediately.

As a leading manufacturer of innovative pool products, Fluidra’s focus is on creating reliable products that make owning and maintaining pools easier for pool owners and more convenient for professionals.

A perfect solution for achieving properly balanced water in any type of pool — above-ground, in-ground, spa, salt or otherwise — the Blueriiot Smart Water Analyzer is a device that either sits in a pool or spa, or is installed professionally at the pool pad (with the Blue Fit50 attachment accessory) and accurately measures four key elements needed to keep water crystal clear —  pH, ORP (sanitation potential), conductivity (salinity) and water temperature. This advanced technological tool for testing water balance then sends its readings to the Blueriiot app on any mobile device for constant vigilance on-the-go, as well as to the FREE Virtual Pool Care website where pool service professionals can monitor all of their customers’ water care from one easy-view dashboard.

Available with built-in Bluetooth capabilities for manual poolside testing with the tap of a finger or with Wi-Fi connectivity (when paired with the supplemental Wi-Fi Bridge) for round-the-clock watch with automatic chemistry readings taken throughout the day — the Blueriiot Smart Water Analyzer helps prevent common problems associated with unbalanced pool water, like algae blooms, corrosion, scaling, chlorine overdoses and more, before they begin.

A subscription-based app, you can choose the standard “GOLD” Bluetooth  version with basic manual operation, or get the premium benefits of Blueriiot “Platinum” (available only with the Wi-Fi enabled device) with automated, real-time readings and alerts sent straight to your smart device for immediate notification if water balance is anything less than perfect.

In such cases where there is an issue with water balance, chemical recommendations are provided, making it easy for pool owners to take matters into their own hands and allowing pool professionals to know exactly what supplies to bring — significantly reducing time spent resolving the issue and increasing the number of service visits they can make.

“Chemical tracking is an essential part of everyday pool maintenance and water balance should be checked periodically. With the information provided by the Blueriiot device, keeping water balanced is easier because you always know the status,” explains Mara McCartney, senior product manager of water care. “But what if you’re not there to check it? Small issues can quickly become big problems if your water balance is off. The Blueriiot Smart Water Analyzer not only provides peace of mind in knowing that there can always be someone watching over your water, it lets you know exactly what you need to do to bring it back to balanced. So, even when no one is physically there, someone can always be aware.”

Additionally, the Blueriiot Smart Water Analyzer keeps a record of past readings, giving professionals a clear look at how the pool system is performing between visits so that they can predict and prevent potential problems and identify if there’s a bigger issue at hand.

About Fluidra
Fluidra is a publicly listed company focused on developing innovative products, services and IoT solutions for the residential and commercial pool markets, globally. The company operates in over 45 countries and owns a portfolio of some of the industry’s most recognized and trusted brands, including Jandy®, Polaris®, and Zodiac®. To learn more about Fluidra, visit fluidrausa.com or call 800-822-7933.

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Canadian Solar Infrastructure Fund to Be a Major Component in the Tokyo Stock Exchange’s New Infrastructure Funds Index

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GUELPH, Ontario, April 23, 2020 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), announced today that Canadian Solar Infrastructure Fund, Inc. (“CSIF”) (TSE: 9284), listed on the Tokyo Stock Exchange (“TSE”), will be included in a new Infrastructure Funds Index to be launched by TSE on April 27, 2020. Canadian Solar Projects K.K. is the sole sponsor and Canadian Solar Asset Management is the asset manager of CSIF.

The Infrastructure Funds Index is an Environmental, Social and Governance (“ESG”) related finance product offered by the TSE. According to the TSE announcement, CSIF is expected to be a major component of the new TSE Infrastructure Funds Index, along with other sponsored funds from Marubeni and Itochu in Japan.

Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, commented, “We are very happy to learn that Canadian Solar Infrastructure Fund (CSIF) will be included in the new Infrastructure Funds Index by the Tokyo Stock Exchange (TSE). This event trails 50 years of Earth Day celebrations and reflects the growing importance of Environmental, Social and Governance (ESG) initiatives globally. We are proud to be part of ESG focused investment ecosystem. We want to Make the Difference in Japan as we continue our solar development worldwide.”

Canadian Solar opened its first office in Tokyo in 2009 and has since expanded its operations to 9 offices in 5 prefectures. The Company has successfully delivered over 5.5 GW of premium quality modules to its residential, commercial and utility-scale customers, including its own utility-scale projects.

Canadian Solar started developing its own solar power plants in Japan in 2012, and has since developed, built and connected 297 MWp of solar projects, with an additional 63 MWp currently in construction and 218 MWp under development. Globally, Canadian Solar has built a strong track record developing and connecting over 5.6 GWp in solar PV plants.

In 2017, Canadian Solar launched the initial public offering of CSIF and listed its stock units on the TSE. CSIF was the first global IPO of a Japanese infrastructure fund. With approximately JPY 49 billion of assets under management as of the end of December 2019, CSIF is a leading infrastructure fund player on the TSE and ranks among the largest listed funds on the TSE Infrastructure Funds Index in terms of market capitalization and assets under management. The Japan Credit Rating Agency, Ltd. has assigned CSIF with a credit rating of A- with stable outlook in 2019, and the highest green rating (“Green1”) grade in 2017. Canadian Solar has a 14.7% partial ownership in CSIF and intends to play a key role in its growth strategy.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 40 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 25, 2019. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

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Source: Canadian Solar Inc.

PR Newswire

RattanIndia Finance Wins the Celent Model Bank Award 2020 for Retail Lending Powered by Nucleus FinnOne Neo

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NEW DELHI, April 22, 2020 /PRNewswire/ — Celent, the world’s leading research, advisory and consulting firm focused on financial services technology, has named RattanIndia Finance as the winner of The Celent Model Bank Award 2020 for Retail Lending, powered by FinnOne Neo from Nucleus Software.

Celent Model Bank Awards recognize the best practices of technology usage in banking. RattanIndia Finance deployed FinnOne Neo in the cloud, disrupting the consumer finance market with a superior digital experience, speedy approvals and the rapid launch of innovative loan products. With FinnOne Neo, RattanIndia reduced the time taken to bring new products to market by 50%, decreased the IT resource count by 75% and lowered the cost of ownership by 90%. They recorded rapid business growth and became the first lender to offer loans for electric bikes in India

Mr. Craig Focardi (Senior Analyst, Celent) said, “Although the growth of cloud computing has accelerated in recent years, the movement of mission-critical core lending and banking solutions has not. RattanIndia Finance’s successful transition of its entire end-to-end lending platform for retail and corporate banking is a leading-edge example of the future potential for public cloud, which is why RattanIndia Finance is worthy of Celent’s Model Bank 2020 Award for retail lending.”

Mr. Harvinder Gandhi (Head of Technology, RattanIndia Finance) commented, “We are really excited to win the Celent Model Bank Award, powered by FinnOne Neo. This project helped us differentiate as an agile, digital and customer focused lender. We are delighted that the project confirmed our belief that technology powers business growth and helps us deliver a superior customer experience. The results that we have seen are truly remarkable.”

Mr. R. P. Singh (CEO, Nucleus Software) said, “Our heartiest congratulations to RattanIndia Finance for wining this prestigious Model Bank Award from Celent. RattanIndia Finance is an innovative company and we are proud to support them in their goal to provide a faster, easier and more customer centric experience. This achievement is a further testament to the confidence of global financial services industry in the power, reliability and robustness of our solutions.”

About: Nucleus Software. 

Media Relations:  

Rashmi Joshi
rashmi.joshi@nucleussoftware.com  
+91-9560-694654

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