NANJING, China, Nov. 4, 2013 /PRNewswire/ -- China Sunergy Co., Ltd. (CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that its Head of Research and Vice President, Dr. Aihua Wang, has received the 2013 ACAA/IELTS Australia China Alumni Awards for Research and Innovation. The award honors outstanding alumni of Australian universities and colleges, who have made significant contributions in their chosen field and are currently based in China. The award ceremony was held in Beijing, China on November 2, 2013.
As head of Research of China Sunergy, Dr. Wang, together with Dr. Zhao, China Sunergy's Chief Technology Officer, have led the Company's research and development team since its inception. With over 28 years of solar cell research experience, Dr. Wang and Dr. Zhao have set many world records for silicon solar cells' highest lab efficiency, including the current world's best of 25.0%. Since 2000, Dr. Wang has been a Research Fellow at the Photovoltaic Special Research Centre at the University of New South Wales, where she received a Ph.D. in Electrical Engineering.
Mr. Stephen Cai, CEO of China Sunergy, said, "We proudly congratulate Dr. Wang for this prestigious award, which recognizes her many great contributions to the industry and to China Sunergy. We are very fortunate to have Dr. Wang and Dr. Zhao serving as our technology leaders, and we remain firmly committed to spearheading the industry with cutting-edge technological innovations."
Dr. Aihua Wang remarked, "It is a great honor to be recognized by the Australia China Alumni Association, and I especially appreciate and enjoy the marvelous opportunity to closely collaborate with the industry's many other outstanding experts and scientists. I thank all the team members at China Sunergy for their dedicated efforts and the Company for providing us with such a great platform and resources to continue our quest for new discoveries and innovations. I, along with Dr. Zhao, will happily continue our passion for renewal energy science and our aim to continue making positive contributions to bringing reliable and affordable solar energy to the world."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.
For more information, please visit http://www.csun-solar.com.
Safe Harbor Statement
This announcement may contain 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 facts in this announcement are forward-looking statements. These forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company and the industry, and involve known and unknown risks and uncertainties, including but not limited to, the Company's failure to maintain its listing qualification due to, among other things, volatility in the Company's ADS price; the Company's ability to raise additional capital or renew existing bank borrowings as they become due to finance the Company's activities; the Company's customers' financial condition and creditworthiness, and their ability to settle accounts receivables; the effectiveness, profitability, and the marketability of its products; litigations and other legal proceedings, including any decisions by the US International Trade Committee and Department of Commerce on the petitions filed; the economic slowdown in China and elsewhere and its impact on the Company's operations; demand for and selling prices of the Company's products, execution of our strategy to expand into downstream solar power businesses, the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; 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; future shortage or availability of the supply of raw materials; impact on cost-competitiveness as a result of entering into long-term arrangements with raw material suppliers and other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to 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 its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
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