Central and SunPower Philippines Company Sign Monocrystalline Wafer Purchase Contract

Zhonghuan Shares (SHE:002129) announced that its wholly-owned subsidiary Tianjin Huanou International Silicon Materials Co., Ltd. (hereinafter referred to as Huanou International) and SunPower Philippines Manufacturing Company (NASDAQ: SPWR) signed a memorandum of cooperation.  

According to the agreement, SunPower Philippines intends to purchase monocrystalline silicon wafers produced by the international diamond cutting process (using electroplated diamond wire cutting process), including straight-drawing N-type single crystal silicon wafers and straight-pull zone single crystal silicon. Film and so on. The two companies will cooperate in the way that SunPower Philippines supplies polysilicon raw materials, crystal and wafer manufacturing, and sells to SunPower Philippines.

Zhonghuan said that the implementation of the agreement will improve the company's profitability and have a positive impact on the company's future operating results. At the same time, it also said that it is only a framework agreement, the two sides have not signed a formal agreement, and there are still uncertain risks.

At the end of 2011, Zhonghuan Co., Ltd. released three new single crystal silicon wafers, including single crystal silicon wafers, crystal-grown monocrystalline silicon wafers, and straight-drawing zone single crystal silicon wafers, and hoped to rely on its straight-drawing Å’ melting. Leading edge in technology, entering the field of high-efficiency solar cells. SunPower Philippines is committed to the design, production and sales of high-efficiency solar modules and photovoltaic systems.