Trina Solar Announces Teaming Agreement with QBotix
SAN JOSE, Calif., Feb. 5, 2013 /PRNewswire/ -- Trina Solar Limited (TSL), ("Trina Solar" or "the Company"), a global leader in photovoltaic modules, solutions and services, announced today its subsidiary Trina Solar US Development Company LLC has entered into a teaming agreement with Silicon Valley-based QBotix Inc., recognized as the first company to utilize mobile, intelligent and rugged robotics for the operation of solar power plants.
Under terms of the agreement, Trina Solar and QBotix will collaborate this year on test and commercial projects within and outside the United States, and develop a scalable 'building block' design solution for commercial project developers. QBotix's first product, QTS, a robotically driven dual-axis tracking system, is currently being advance field-tested in commercial deployments in California, Arizona and Japan.
Wasiq Bokhari, CEO of QBotix, Inc., said, "We are looking forward to working with Trina Solar to deploy PV systems combining Trina modules and our breakthrough QTS platform to dramatically lower installation times and LCOE, and to provide unprecedented system level intelligence for the solar industry."
Randy Wu, Trina Solar's General Manager, Project Development, Americas, added, "We are both pleased and excited to team with QBotix, whose solution is capable of playing a vital role in lowering energy production costs for our in-house and customer project portfolios. This collaboration is in line with our focus to partner with leading technology developers to enhance the quality and performance advantages of our products."
About Trina Solar Limited
Trina Solar Limited (NYSE:TSL) is a global leader in photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-shaping position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
Based in Menlo Park, CA, QBotix employs distributed and intelligent robotics in its tracking system to significantly enhance the economics and improve the capabilities of solar projects. Please see website at www.qbotix.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
SOURCE Trina Solar Limited