JinkoSolar Announces 6 MW Module Supply Agreement with U.S. Solar Value Innovation Leader Lumos Sola

? SHANGHAI, March 24, 2011 /PRNewswire via COMTEX/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), a fast-growing, vertically integrated solar product manufacturer with low-cost operations based in China, today announced that it has signed a one-year supply agreement with Lumos Solar, a leading solar design, development and distribution company in the U.S. According to the terms of the agreement, JinkoSolar will produce 6 megawatts ("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. "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 Scott Franklin, CEO of Lumos. "Given Lumos' solar equipment design approach to provide the highest quality products through competitive pricing, distinguished aesthetics and speedy installation, we're thrilled to be working with such a world-class manufacturer." "The agreement between Lumos and JinkoSolar gives us a chance to launch this game-changing installation technology into the market," explained Mr. Franklin. "The superior cosmetics and lower installation costs of LSX get us closer to grid parity and the mainstream adoption of solar power." 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 order book will be shipped to the U.S., and we expect that the shipment volume 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. The LSX technology can not only be applied in the U.S. but also in Europe where commercial and residential segments often require fully integrated solutions for PV roofing systems. 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. Given Lumos' strong presence in the U.S. with its proprietary LSX system, we expect to further strengthen our cooperation in the near future."