BAODING,China,Aug. 7, 2012/PRNewswire-Asia-FirstCall/ –Yingli Green Energy Holding Company Limited(NYSE: YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand “Yingli Solar,” today announced that the Company has appointedLedico Ltd.(“Ledico”) as its exclusive sales partner inIsrael. According to the partnership agreement, Ledico will sell and promoteYingli Solarmodules inIsrael.
“We are pleased to select Ledico as our exclusive sales partner inIsrael,” said Mr.Liansheng Miao, Chairman and Chief Executive Officer ofYingli Green Energy. “We are confident that this partnership will facilitate our sales expansion inIsraelby delivering our high quality products and comprehensive services to local customers.”
“We are excited to have the chance to represent a strong leading company likeYingli Solar,” said Mr. Rabinowicz Yehuda, CFO and Business Development Manager ofLedico Ltd.”The Israeli market is significantly growing and we have opened a dedicated operation to meet this demand. Combining our high level of service and leading position in the Israeli market with Yingli’s high quality modules and comprehensive services, we believe this partnership will help us to strengthen our leading position in the PV market and expand Yingli’s market share inIsrael.”
About Yingli Green Energy
Yingli Green Energy Holding Company Limited(NYSE: YGE), which markets its products under the brand “Yingli Solar,” is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers. Yingli Green Energy’s manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energymaintains a balanced vertically integrated production capacity of 1,850 MW per year. Capacity expansion projects of an additional 600 MW in total are under construction in Baoding, Haikou, Tianjinand Hengshui, which are expected to increase the Company’s total nameplate production capacity to 2,450 MW by the end of 2012. Yingli Green Energydistributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, Chinaand the United States. Headquartered in Baoding, China, Yingli Green Energyhas more than 20 subsidiaries and branch offices worldwide. Yingli Green Energyis publicly listed on the New York Stock Exchange(NYSE: YGE). For more information, please visit www.yinglisolar.com.
Ledico Ltd.is a privately owned company established in 1965 as the representative in Israelfor the German-based corporation Robert Bosch, and today represents over 30 global leading companies. Ledico imports, markets, distributes and services a wide range of products and technologies for industrial and home use. Ledico Groupoperates in the following fields of activity: Power tools, automotive, elevators and escalators, industrial technologies, security technology, renewable energy and energy saving. For more information, please visit www.ledico.com.
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 beyondYingli Green Energy’s control, which may causeYingli 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 inYingli Green Energy’s filings with theU.S. Securities and Exchange Commission.Yingli Green Energydoes 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: Qing Miao Director of Investor Relations Yingli Green Energy Holding Company Limited Tel: +86-312-8929787 Email: email@example.com
In the Americas: Helena Kimball Head of Marketing Yingli Green Energy Americas Inc. Tel: +1-603-5915812 Email: firstname.lastname@example.org
In Europe: Rebecca Jarschel Marketing Communications Manager Yingli Green Energy Europe GmbH Tel: +49-89-540303412 Email: email@example.com