Canadian Solar announces Technology Agreement with Energy Research Center

Ontario, Canada - Canadian Solar Inc. announces that it has signed a joint technology development and transfer agreement with Energy Research Center of the Netherlands ("ECN") to apply the technology for metal wrap-through ("MWT") cells to Canadian Solar's production lines.

According to the company with this technology and higher conversion efficiency cells Canadian Solar will be able to produce more powerful solar modules, while potentially reducing manufacturing costs. The transfer of MWT cell technology is expected to take approximately 6 months. This agreement is part of Canadian Solar's comprehensive high-efficiency research program. In the fourth quarter of 2009, the Company expects to begin commercially introducing a new cell structure which combines a modified selective emitter process and, better texturization, precise state-of-art screen printing and several other improvements. The new structure is expected to raise the conversion efficiency of monocrystalline cells to 18.5% and multicrystalline cells with an estimated 16.8% conversion efficiency.

Source: IWR Online, 16 Sep 2009