Jan 18 2010
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced the Ministry of Science and Technology of China has approved the application to establish the first national-level key laboratory in the field of PV technology development, the State Key Laboratory of PV Technology (the "Laboratory"), at Yingli Green Energy's manufacturing base in Baoding.
Yingli Green Energy has actively devoted technology and management resources to facilitate both the application and the initial set-up of the Laboratory. The State Key Laboratory will be established with the mission of driving the Chinese development of world-class PV technology in China. Yingli Green Energy expects to enjoy priority rights to commercialize technologies developed in the Laboratory at the Company's production lines. The Laboratory, as an independent research entity, has had the support of Baoding Yingli Group Company Limited, an affiliate of the Company, throughout the application process to satisfy relevant application criteria.
"We are pleased to announce the establishment of the State Key Laboratory at our manufacturing base in Baoding," commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green Energy. "We believe technological innovation is essential to our position as a global leader in sustainable energy solutions and key to the quality and cost structure of our products. With increasing support from both the public and private sectors, we believe the Laboratory has the potential to positively contribute to the development of the PV industry as a platform for the commercialization of cutting-edge PV technologies, as well as a center for academic and professional training."