NANJING, China, July 7, 2014 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that its wholly-owned R&D subsidiary, China Sunergy (Nanjing) Power Science & Technology Co., Ltd. (the "R&D Innovation Plant"), has entered into a strategic collaboration agreement with the 48th Research Institute of China Electronics Technology Group Corporation ("The Research Institute"), to jointly accelerate research and development, deployment and marketing of photovoltaic technology and products.
The Research Institute is a leading research and production enterprise selected as a model organization among China's solar photovoltaic industry by the Ministry of Science and Technology and the People's Government of Beijing Municipality. As a state-owned-enterprise, the Research Institute employs the nation's top technical scientists and is one of the largest suppliers of photovoltaic equipment in China.
"We are excited to closely collaborate with the country's preeminent research institution," said Dr. Jianhua Zhao, Chief Technology Officer of China Sunergy. "For this strategic collaboration, we mainly aim to co-declare scientific research, co-research photovoltaic materials and equipment, and co-develop solar projects. We believe the combination of our leading technology and the Research Institute's expertise in photovoltaic equipment and large user base will accelerate the development and monetization of innovations."
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. (NASDAQ: CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.
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