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DuPont Apollo Subsidiary to Discontinue Operations

 
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919-248-5598
ellen.g.pressley@dupont.com

HONG KONG, April 28, 2014 –Du Pont Apollo Ltd. (DuPont Apollo), a wholly owned subsidiary of DuPont established in 2008 in Hong Kong and Shenzhen, China, announced that it will discontinue its amorphous silicon thin film photovoltaic (solar) module business operations by year end. 

 This decision was taken consistent with the company’s discipline of continually reviewing its portfolio and focusing on high-growth, high-margin opportunities.  DuPont Apollo remains committed to honoring its contractual obligations with customers.

DuPont continues in its commitment to investing in Hong Kong and China and to maintaining significant and diverse operations there.  DuPont also will explore possible research and development projects and collaborations in Hong Kong in the areas of new materials, new energy and bio-materials.

Independent of DuPont Apollo, DuPont remains the leading supplier of specialty materials to the solar industry with the broadest portfolio of products designed to optimize the power output, reliable lifetime and return on investment for solar energy systems.  Over the next few years, the industry estimates 20 percent average annual growth in solar system installations, and DuPont continues in its commitment to supporting greater growth and further adoption of solar power to help meet the growing global demand for energy.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802.  The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment.  For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.

Forward-Looking Statements:  This news release contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning.  All statements that address expectations or projections about the future, including statements about the company's growth strategy, product development, regulatory approval, market position, anticipated benefits of acquisitions, outcome of contingencies, such as litigation and environmental matters, expenditures and financial results, are forward-looking statements.  Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized.  Forward-looking statements also involve risks and uncertainties, many of which are beyond the company's control.  Some of the important factors that could cause the company's actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; significant litigation and environmental matters; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war, weather events and natural disasters; ability to protect and enforce the company's intellectual property rights; successful integration of acquired businesses and separation of underperforming or non-strategic assets or businesses and successful completion of the proposed spinoff of the Performance Chemicals segment including ability to fully realize the expected benefits of the proposed spinoff .  The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.


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