Hanwha Q CELLS GmbH ("Hanwha Q CELLS" or "The Company"), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), has yesterday (11/21) returned as a member of the Board of the German Solar Association ("BSW" or Bundesverband Solarwirtschaft), following the appointment of Oliver Beckel as BSW Executive Committee Member.
The 800 members of the BSW comprise a patchwork of solar companies ranging from installers and developers, to manufacturers and EPC firms. The BSW work as an intermediary between the relevant business, political and public sectors that cover Germany's mature solar sector.
Led by managing director Carsten Koernig, the Berlin-based association has been a pivotal presence in helping to guide Germany's solar industry through many ups and downs over the past few years, with a key focus on guiding government decision-making with regards to suitable and stable policies that nurture solar energy's growth.
Strong synergies between Hanwha Q CELLS and BSW
While Hanwha Q CELLS is today one of the globally leading solar companies, it traces its roots to Germany, and is widely considered to have been one of the most important players in the birth of Germany's solar industry.
The company has provided several Board members to BSW over the years, and the appointment of the Company's Director of Public Affairs, Oliver Beckel, marks a welcome return for Hanwha Q CELLS to the Board of the BSW.
The synergies between Germany's solar association and Hanwha Q CELLS are strong, with both entities eager to see solar energy assume a leading role in both the German and the global energy industry. However, it is within Germany where Hanwha Q CELLS believes a great deal of further innovation is to come, stressed Oliver Beckel on the occasion of his appointment.
"Germany has been at the forefront of energy revolution, and is regularly the testbed for new business models that are eventually adopted on a global scale," Beckel remarked. "This is one of the reasons why Hanwha Q CELLS places great faith in its R&D and Technology Headquarters at Thalheim - a site that still steers the innovative direction of what is now a truly global company.
"We believe that this setup signifies our commitment to the German market, and I feel honored to be appointed to the Board at BSW. I am looking forward to supporting the BSW in contributing to the success of German PV development and landscape in the coming years."
"We are delighted that the BSW members have elected Hanwha Q CELLS to the Executive Board of the German Solar Association. As an international photovoltaic group with strong roots in Germany, Hanwha Q CELLS will further increase the weight of our industry in its political work," said Carsten Koernig, Managing Director of the German Solar Association.
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 partnerships to its customers in the utility, commercial, governmental 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, Ian Clover
Tel: +49 (0)3494 6699 10121
E-mail: presse@q-cells.com
