Munich, Germany, May 31, 2017 – Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), has won the Intersolar Award 2017 in the category Photovoltaics. The jury picked Hanwha Q CELLS´ Q.PEAK RSF L-G4.2 solar module as the most innovative out of ten shortlisted entries and out of 51 applications in total. Receiving the award on behalf of Hanwha Q CELLS, the company´s Global CTO, Ph.D. Daniel JW Jeong, said: “We are very pleased about the decision of the Intersolar Award Jury. Our new steel frame module combines a number of innovations on different levels with our high performance cell technology Q.ANTUM. The improvements in terms of performance, installation cost and LCOE are such that we believe this technology is likely to be setting the next industry standard regarding solar modules for utility scale applications.”
Q.PEAK RSF L-G4.2: THE NEXT LEVEL OF UTILITY SCALE SOLAR MODULES
Q.PEAK RSF L – G4.1 is a monocrystalline 72-cell Q.ANTUM solar module ready for a maximum system voltage of 1.500 V and combining the following innovations to reach lowest LCOE:
Q CELLS Reinforced Steel Frame technology
- Framing concept based on innovative steel coated with alloy of zinc-aluminium-magnesium
- 10 times better corrosion resistance compared to galvanised steel
- Self-repairing mechanism for cut edges
Decentralized Q.BOX
- Decentralised junction box with pluggable MC4-connectors in upper corners of the module
- Cable length can be customized to fit perfectly to any installation
- Lower losses from electrical resistance due to optimised cable length
- Faster and safer installation
Easy Mounting System
- Only small mounting key and self-tapping screw needed to fix modules on mounting structure
- Time to fix modules on a standing mounting structure can be reduced by over 60% compared to standard systems with clamp mounting
- Modules can be mounted without any gap between modules, thus reducing installation size or increasing total system power
- Safes a large amount of mounting materials
Q CELLS proprietary Q.ANTUM cell technology
- Rear side passivated monocrystalline solar cells for power classes up to 375 Wp
- Strongest standard 72 cell module on the market
- High power density leads to low BoS costs
- Q CELLS Yield Security: Anti LeTID, Anti LID, Anti PID, Hot-Spot Protect, Tra.Q
About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world´s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.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 Hanwha Q CELLS’ 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 expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Hanwha Q CELLS GmbH
Corporate Communications
Jochen Endle, Oliver Beckel
TEL +49 (0)3494 6699 1012
EMAIL presse@q-cells.com
