GCL-Poly Energy Holdings Limited (“GCL-Poly”, stock code: 3800.HK) is pleased to announce that it has signed a long term contract with Realforce Power Co. Ltd. (“Realforce Power”) to supply wafer products. GCL-Poly will provide Realforce Power with a total of 4,200MW of wafer products over the next six years.
Under the supply contract signed between GCL-Poly and Realforce Power, GCL-Poly will provide a total of 4,200MW of solar wafer products from July 2011 to December 2016. A price adjustment mechanism is included in the contract.
Mr. Shu Hua, the Executive Director and President of GCL-Poly, stated, “We are very conservative in selecting strategic and cooperative partners. The rapid development momentum and solid corporate culture of Realforce Power let us firmly believe that our cooperation with Realforce Power will lead us to a bright development prospect. GCL-Poly will continue to deepen the cooperation with our strategic and cooperative partners. We will faithfully fulfill our supply agreement and support our partner to obtain favourable position in market competition so that it is a win-win situation for both of us ultimately.”
“The wafer procurement contract is the continuation of our in-depth cooperation over the years between Realforce Power and GCL-Poly. It reflects the full confidence from both parties of the future market. It further strengthens the bilaterally strategic cooperation relationship and mutual trust, as well as significantly propels each of the application direction business of Realforce Power. Realforce Power will honour the contract which will lay a solid foundation for strategic cooperation relationship. We are determined to take application direction and vertical integration as our future path and regard this long term contract to be a golden opportunity to realise our dream as a Rolls-Royce of the photovoltaic industry,” Mr. Wang Bufeng, Chairman of Realforce Group, expressed above confidently.