GUELPH, Ontario and HANSON BAY, British Columbia, May 14, 2013 /PRNewswire-Firstcall/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, today announced that its subsidiary, Canadian Solar Solutions Inc., has donated solar modules, which are now powering a world-renowned OrcaLab Whale Research Centre ("OrcaLab") on a remote island off the British Columbia coast near Alert Bay.
OrcaLab has been recording the Johnson Strait whales for more than four decades. Founder, Dr. Paul Spong and his wife Helena Symonds have spearheaded global research which confirms orca "clans" have distinct, highly sophisticated dialects. This scientific evidence in turn has led to bans against commercial orca hunting, and to the creation of nearby orca sanctuaries.
"The solar installation is performing beyond our expectations," said Dr. Paul Spong a whale expert and advocate. "We are now running all of our power needs without a generator, and looking forward to a future here without oil. We are so grateful to Canadian Solar for everything they have done for us."The new donated solar system allows the off-grid OrcaLab to cut gas generator use and fuel costs dramatically, increase battery performance and life, expand the range of microphones and cameras, and improve amenities for summer volunteers. The system is designed to perform with minimal maintenance for many decades to come. In addition, the panels will power the main OrcaLab site, and a network of underwater microphones and cameras which will track migrating orca whale and other marine animals. "We are honored to be involved in the ground breaking OrcaLab foundation's noble orca whale research," said Shawn Qu, chairman and CEO of Canadian Solar. "We are proud to be able to help advance the team's ambitious work through this latest exciting application of solar energy. As an industry leader, Canadian Solar strives to also lead in our philanthropic efforts with organizations around the world." About Canadian Solar Inc. Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world's largest and foremost solar power companies. As a leading vertically integrated provider of solar modules, specialized solar products and solar power plants with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than 4GW of premium quality solar modules to customers in over 50 countries. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. For more information, please visit www.canadiansolar.com Safe Harbor/Forward-Looking Statements Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada; changes in customer order patterns; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; utility-scale project approval process; delays in utility-scale project construction; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 26, 2013. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law. SOURCE Canadian Solar
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV