China Sunergy, China Equipment Group and Dupont China Holdings Announce Strategic Collaboration

China Sunergy Co., Ltd. (Nasdaq: CSUN)  a specialized solar cell and module manufacturer, announced that with China Electric Equipment Group (“CEEG”) have signed a Letter of Intent with DuPont China Holdings (DuPont) for strategic collaboration relating to photovoltaic  technologies & materials, power transformer, insulation and aircraft composite materials over a three-year period.

DuPont has been well recognized as bringing world-class science and engineering to the global marketplace by providing high quality products, materials, and inclusive innovative capabilities since 1802. This strategic collaboration among the parties includes photovoltaic, power transformer, as well as insulation and aviation composite materials. It is anticipated that the strategic collaboration will help improve product quality, enhance the collaboration and development of new products, new applications and new markets.

The strategic collaboration offers long-term benefits to the three companies. As part of this collaboration, China Sunergy has agreed to increase its purchase of photovoltaic materials from DuPont, including DuPont™ Solamet® photovoltaic metallizations used in solar cells to achieve higher cell efficiency and DuPont™ Tedlar® polyvinyl fluoride film based backsheet for solar module protection. It is hoped that the collaboration will help advance the development of new and improved technologies and product quality improvements, further increasing efficiency and overall system cost reductions, to help reach grid parity faster.

“Collaborating with our local partners to address the need to reduce global dependence on fossil fuels is critical to China’s sustainable development,” said DuPont Greater China President Tony Su. “This Letter of Intent will expand the strategic relationship between DuPont, CEEG and China Sunergy with long-term benefit not only to the parties, but also to the local industry and community. DuPont China is committed to leverage its strong technological capabilities across the company and work with our partners to support their rapid growth.”

Chairman of China Sunergy and CEEG, Mr. Tingxing Lu, added: “CEEG has maintained a strategic commercial relationship with DuPont for over 15 years. I’m happy to see that this collaboration has been extended to involve China Sunergy. DuPont is one of the world’s leading, first-class enterprises, and this strategic collaboration will benefit China Sunergy to continue improving its technology, product reliability and customer satisfaction. China Sunergy’s CEO Mr. Stephen Cai and CTO Dr. Jianhua Zhao really look forward to strengthening this alliance and exploring innovations with DuPont.”

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