Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," has announced that the Company has appointed Ledico Ltd. ("Ledico") as its exclusive sales partner in Israel. According to the partnership agreement, Ledico will sell and promote Yingli Solar modules in Israel.
"We are pleased to select Ledico as our exclusive sales partner in Israel," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We are confident that this partnership will facilitate our sales expansion in Israel by delivering our high quality products and comprehensive services to local customers."
"We are excited to have the chance to represent a strong leading company like Yingli Solar," said Mr. Rabinowicz Yehuda, CFO and Business Development Manager of Ledico Ltd. "The Israeli market is significantly growing and we have opened a dedicated operation to meet this demand. Combining our high level of service and leading position in the Israeli market with Yingli's high quality modules and comprehensive services, we believe this partnership will help us to strengthen our leading position in the PV market and expand Yingli's market share in Israel."