Lumos Solar and Jinko Solar have signed a one-year supply agreement to produce Lumos' proprietary new revolutionary frameless module system as well as "Lumos powered by Jinko" high efficiency traditional framed modules.
Boulder, CO - Lumos Solar ("Lumos"), an American solar equipment innovator, and JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE:JKS), a fast-growing, vertically integrated solar product manufacturer with low-cost operations based in China, have signed an one-year supply agreement to produce the LSX Module System, Lumos' proprietary frameless module system with integrated racking, which allows for quicker installations with superior aesthetics.
According to the terms of this agreement, JinkoSolar will produce 6 MW of frameless LSX modules as well as traditional Lumos-framed modules under a co-branded label "Lumos powered by Jinko" to be shipped in the second quarter of 2011.
"The agreement between Lumos and JinkoSolar gives us a chance to launch this game-changing installation technology into the market," explained Scott Franklin, CEO of Lumos. "The superior cosmetics and lower installation costs of LSX get us closer to grid parity and the mainstream adoption of solar power."
The sleek, ultra-modern LSX Module System reduces the installation cost of solar arrays, establishing a new standard in solar energy production. The thin, frameless modules are manufactured with no aluminum, resulting in lower embodied energy. Integrated wireways and racking further reduce installation time and material. Overall, LSX offers the highest value and aesthetics, as well as the smallest carbon footprint, of any silicon-based module, racking, and wiring combination.
"JinkoSolar's entire manufacturing process, from the production of silicon ingots to the construction of solar modules, is done under one roof to ensure the highest quality standards with minimum cost and waste," explained Mr. Franklin. "Given Lumos' solar equipment design approach to providing the highest quality products through competitive pricing, distinguished aesthetics and speedy installation, we're thrilled to be working with such a world-class manufacturer."
Arturo Herrero, JinkoSolar's chief marketing officer, further commented, "We are excited to work with Lumos, whose strong commercial and residential presence in Colorado provides us with an excellent opportunity as we expand our business in the U.S., where we see enormous potential. To date, approximately 7% of our 2011 backlog will be shipped to the U.S., and we expect that percentage to increase throughout the year."
Mr. Herrero continued, "Lumos' installation capacity has been growing rapidly, with the potential for even stronger growth with the launch of their LSX Module System. We are excited to join them in introducing this technology to the solar sector and are confident our high-quality solar modules and customer service will contribute to the growth of Lumos and the solar industry as a whole."
About Lumos Solar
Lumos Solar is a Boulder, Colorado-based solar design, development and distribution business. Established in Boulder, Colorado when a group of solar installers realized there had to be better ways to integrate solar energy into everyday life without waiting around for tomorrow's technologies, Lumos set out to make products that are faster and easier to install, products that were stronger for industrial applications, products with less embodied energy, products with a style that gives solar energy a contemporary appeal and products that provide a futuristic solar solution for today's budgets. As a result, Lumos owns the value innovation position in the solar energy marketplace. Lumos calls its approach Maximum Value Point Tracking. MVPT means that when all factors are considered, including energy production, price, aesthetics and ease of installation, Lumos products are the best value available. Lumos' flagship product for 2010, the LSX Module System is poised to dominate design awards in 2011 and demonstrates perfectly why Lumos is the value innovation leader in the solar marketplace. Visit www.lumossolar.com for more information.
About JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a fast-growing vertically integrated solar power product manufacturer with low-cost operations based in Jiangxi Province and Zhejiang Province in China, and sales and marketing offices in Shanghai, China, Munich, Germany and San Francisco, U.S. JinkoSolar has built a vertically integrated solar product value chain with integrated annual capacity of 600 MW each for silicon wafers, solar cells and solar modules as of December 31, 2010. JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Italy, Germany, Belgium, Spain, the United States, France and other countries and regions. For more information about JinkoSolar, please visit www.jinkosolar.com.