JinkoSolar Signs Frame Agreement with KAFKAS
Shanghai, June 13, 2017 -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS), a global leader in the photovoltaic (“PV”) industry, today announced that it has signed a frame agreement with KAFKAS, the largest electrical equipment distributor in Greece for a strategic collaboration to supply the Greek net-metering scheme.
Under this agreement, JinkoSolar will organize training seminars, special promotional actions and events and offer the best commercial terms to local installers for rooftops. KAFKAS will maintain a significant stock in Greece with JinkoSolar's products in order to serve reliably and immediately to their clients all over Greece with full flexibility of order quantity. As KAFKAS is supplying all the required equipment for net-metering systems, Greek rooftops installers can use one-stop sale point in 56 different stores across Greece.
The alliance draws upon the combined strengths of each company –JinkoSolar's high efficiency products and best in class quality services fused with the breadth and depth of KAFKAS's system portfolio and its country wide network to deliver one-stop solar PV solutions that enable rapid deployment of commercial and residential installations.
“We are excited to collaborate with our trusted partner KAFKAS to provide reliable applications and solutions to Greek customers. This collaboration is an ideal complementary fit with our channel penetration strategy and DG segment focus. It will further strengthen our positioning in the Greek distribution market. KAFKAS brings along a long-term experience and distribution track-record and will be an important strategic partner for JinkoSolar in Greece. We look forward to working closely together,” said Frank Niendorf, General Manager of JinkoSolar Europe.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of March 31, 2017.
JinkoSolar has over 15,000 employees across its 8 productions facilities in China (5), Malaysia, Portugal and South Africa, and 15 overseas subsidiaries across Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. JinkoSolar has 18 global sales offices across China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.
To find out more, please see: www.jinkosolar.com
About V. KAFKAS S.A.
V. KAFKAS S.A. is a Greek leading company in the sectors of electrical equipment, lighting, energy and industry. The company occupies more than 800 employees, holds strategic relations with over 320 suppliers and serves more than 7,500 customers on a daily basis.
KAFKAS offers a variety of integrated solutions and services to its customers through its network of 56 stores, 2 Panel Building facilities in Athens and Thessaloniki and its diversity of departments offering specialization in the fields of B2B Sales, Lighting, Energy, Industry, ICT and Project Management.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056