BERLIN, Dec. 17, 2018 /PRNewswire/ -- Hanwha Q CELLS
(collectively referring to Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL
as well as Hanwha Q CELLS & Advanced Materials Corporation) (or
the "Company"), one of the largest solar cell and module
manufacturers in the world, today announced that it has surpassed
the 10 GW threshold for production of the Company's proprietary
Q.ANTUM cell technology.
This production landmark was achieved earlier this year, and
Hanwha Q CELLS is on course to end 2018 having produced more than
2.5 billion Q.ANTUM solar cells since first mass-commercializing
the technology in 2012. To help illustrate just how many Q.ANTUM
solar cells the industry has embraced, 2.5 billion solar cells laid
end-to-end would cover a distance of approximately 390,000
km - enough to circle around the globe at the equator almost
ten times and roughly the distance from the earth to the moon.
Q.ANTUM is the proprietary solar cell technology platform for
Hanwha Q CELLS. Though based on passivated emitter rear-side cell
(PERC) technology, Q.ANTUM offers a number of additional benefits
that differentiate the technology from conventional PERC products.
These benefits include high module performance output and long-term
reliability thanks to excellent anti-PID (potential induced
degradation), anti-LID (light induced degradation) and anti-LeTID
(light and elevated temperature induced degradation)
performance.
Q.ANTUM: Delivering a wealth of benefits for the
customer
Recently, Fraunhofer CSP independently tested the anti-LeTID
performance of nine different module types from leading solar
manufacturers and found that Hanwha Q CELLS' monocrystalline
silicon Q.PEAK DUO and multicrystalline Q.PLUS modules exhibited
<1% power loss when subjected to LeTID testing conditions. This
result placed both modules as market leaders of Fraunhofer's
performance graph.
In addition to market-leading anti-degradation performance,
Hanwha Q CELLS provides for all of its Q.ANTUM cells and modules
excellent performance warranties, Hot-Spot-Protect and Tra.Q laser
marking to ensure 100% traceability and a guarantee of the
Company's strict quality standards.
Hanwha Q CELLS has more than 5 GW of global Q.ANTUM cell
capacity, which equates to one of the industry's largest PERC-based
capacities. The Company's flagship products that are helping to
drive the uptake of Q.ANTUM technology include the Q.PEAK DUO-G5
solar module range, which boasts half-cut cell technology and six
bus bars to deliver efficiencies of close to 20% and power output
of up to 330 Wp for 120 half-cut cells and up to 400 Wp for 144
half-cut cells.
Dr. Daniel Jeong, CTO of Hanwha Q
CELLS, remarked: "Hanwha Q CELLS' Q.ANTUM technology has been a
real game-changer - not just in underpinning the Company's renowned
Q.PEAK and Q.PLUS module series, but also in terms of raising
standards in module performance and efficiency throughout the solar
industry. We are proud to have surpassed 10 GW of production and
enter 2019 looking to accelerate Q.ANTUM's growth."
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
Oliver Beckel, Ian Clover
Tel: +49 (0)3494 6699 10121
E-mail: presse@q-cells.com
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SOURCE Hanwha Q CELLS Co., Ltd.