CNPV SOLAR POWER : CNPV Announces Appointment of VP Technology and Product Development

LUXEMBOURG and DONGYING, China, Jan. 31, 2012 /PRNewswire-Asia/ -- CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today confirmed the appointment of Mr. Anh M Nguyen as Vice President-Technology and Product Development.

Mr. Nguyen with a BSME (mechanical engineering) degree from University of Montreal, Quebec, brings more than 20 years of new product development and launch experience. His extensive involvement with photovoltaic crystalline modules and multiple development projects managed concurrently is ideally suited to the customer results focused environment in place here. His credible history, joining CNPV from BP solar, ensures that he can "hit the ground running", initially providing additional impetus to the existing developments before identifying and leading CNPV further into delivering beneficial end user features. 

"Evolution and revolution;" words from Mr. Zhang Shunfu, CNPV's CEO, and Mr. Bypina Veerraju Chaudary, CNPV's COO, "Providing safe change, fast, is a pre-requisite for success in any industry, and particularly so within the photovoltaics field. End users want to make the most of their investment with the minimum of risk. Our technology evolution continues to lead the field within the mass produced arena, with the addition of Andy to our team, it has just become harder for others to catch up. The revolutionary changes take a little longer, and keeping to our ethos of not exposing our customers to undue risk is paramount in our strategy; Andy will lead the way in ensuring our predicted revolutionary changes fulfil these desires more rapidly. We eagerly await the additional creative approaches that our newly lead team will produce."

Producing creative and innovative solutions to TCVP (Technology Capital Value Process) is one of Mr. Nguyen's fortes. Understanding the requirement of a team based approach, complete with stakeholder involvement has allowed rapid introduction of excessive numbers of product developments during Andy's career. Leading his teams he has introduced new processes positively affecting quality, cost and efficiency, new ancillary equipment establishing higher rates of repeatability, and new products with directly associated tangibles for end user benefit. His prolific output is underscored by his continued clustering and development of personnel, providing motivation, guidance and support to deliver ideas into reality.

About CNPV
CNPV Solar Power SA (NYSE Euronext: ALCNP), through its wholly-owned subsidiary, CNPV Dongying Solar Power Company Limited, is a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules. CNPV designs, manufactures and supplies highly efficient and cost effective crystalline solar photovoltaic modules. Reliability & longevity are built into our world-class crystalline solar photovoltaic modules, which undergo rigorous internal tests and external certifications (IEC61215, IEC61730, UL, and CE) to ensure peak performance and safety. For further information, please visit CNPV's website at http://www.cnpv-power.com

Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, CNPV's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Euronext in Paris. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact: 

CNPV Solar Power SA
Bypina Veerraju Chaudary, Chief Operating Officer
Phone: [phone],
Email: [e-mail]

Scott Zhang, Manager-IR
Phone: [phone]
E-mail: [e-mail]