DuPont Photovoltaic Solutions Highlights Growth at 23rd EU Solar Energy Conference
DuPont Delivers New Products and Bold Plans for Future
WILMINGTON, Del, August 28, 2008 -DuPont Photovoltaic Solutions (DPVS) will highlight new material innovations and plans for future growth in hall 3, stand A13 at the 23rd European Photovoltaic Solar Energy Conference and Exhibition– the world’s largest PV event in Valencia, Spain, Sept. 1-4, 2008. DuPont has added two key products to its portfolio of technologies to enable both crystalline silicon and thin film photovoltaic (PV) cell and module production. It has also announced plans for a variety of significant investments to support and accelerate PV materials developments and expand capacity in a number of areas.
“Turning solar possibilities into everyday realities requires new innovation and investment,” said Marc Doyle -- global business director, DuPont Photovoltaic Solutions. “DuPont is supporting its customers by developing products and process technologies that improve the lifetime and efficiency of photovoltaic modules, and installing additional production capacity to help keep pace with the fast rising global demand. By introducing new materials like DuPont™ Solamet® PV159, expanding our offering to include Kalrez® perfluoroelastomer parts from DuPont Performance Elastomers, and making many of the essential materials we provide more readily available, we’re continuing to deliver on our commitment to help grow the PV industry and drive toward grid parity.”
DuPont has added two key products to its portfolio recently. The new DuPont™ Solamet® PV159 thick-film metallization paste can deliver up to .5 percent more efficiency for frontside PV solar cells, and Kalrez® perfluoroelastomer parts from DuPont Performance Elastomers can help improve sealing reliability in photovoltaic processes that use plasma, high heat and aggressive chemicals.
Significant programs to add manufacturing capacity and establish technical centers around the world are also under way. In recent months, DuPont has:
- Announced it will more than double Solamet® production at its Electronic Materials DuPont Dongguan, China, facility.
- Begun construction on a new research center in Hong Kong and a manufacturing facility in Shenzhen, China, to support the emerging amorphous silicon thin film PV market.
- Committed to invest approximately $150 million to expand and upgrade manufacturing facilities to meet strong demand for its specialty ethylene copolymers in high growth markets including photovoltaics.
- Announced plans to establish a lab at the DuPont Knowledge Center in Hyderabad, India, to provide technical and research support to DuPont customers in the solar energy industry.
- Opened a new technical center at its facility in Taoyuan, Taiwan, to provide research, development and technical support for Solamet® customers.
- Developed a proprietary technology to produce backsheet containing DuPont™ Tedlar® polymer in a single step, and signed a Technology Licensing Agreement with Toppan to commercialize backsheet for PV modules using this new technology.
An additional new announcement from DuPont is expected during the Valencia exhibition.
“DuPont products have been in great demand at a time of high growth in the industry,” Doyle said. “We remain committed to expanding capacity and developing new products and technologies that can help support future growth in the PV market.”
As a result of planned expansions and other activities, DuPont expects to triple its sales to the photovoltaic industry to more than $1 billion, up from about $300 million today.
To learn more about DuPont Photovoltaic Solutions, please visit http://photovoltaics.dupont.com.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Forward-Looking Statements: This news release contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont’s filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.