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", invited the DuPont Photovoltaic Solutions China ("DuPont") team to an Innovation Day event at its Baoding headquarters. DuPont is the leading supplier of materials to the solar photovoltaic ("PV") industry, with the exception of silicon.
The Innovation Day event was designed to further strengthen the relationship between Yingli Green Energy and DuPont. During the day-long event, two companies exchanged views on photovoltaic materials and technology roadmap, downstream marketing strategies and manufacturing process optimization. The two companies also identified several opportunities for R&D collaboration in PV and other fields.
"DuPont is a company with a strong global network and is well-known for its experience and expertise in materials science, technology and innovation in the solar industry and many other fields. Yingli has always committed to advance technology and innovation. Through close interactions with DuPont such as at the Innovation Day event, we create a good platform upon which to exchange ideas, thoughts and concepts of technology innovation," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
"We are delighted to have this opportunity to more closely collaborate with the Yingli management and technician teams. It helps us further understand the company's strategy, product roadmap, technology development and unique corporate culture," said Mr. Jim Guo, Regional Business Director, Asia Pacific, DuPont Microcircuit Materials.
Yingli Green Energy entered into a strategic agreement with Dupont for the research and development of PV materials in February 2012. By using DuPont™ Solamet® photovoltaic metallization pastes and protective backsheet made with DuPont™ Tedlar® polyvinyl fluoride film, Yingli Green Energy is able to improve the cell conversion efficiency and lifetime of its PANDA modules.