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DuPont Launches Photovoltaic Solutions Business in India

Post Time:Sep 08,2008Classify:Company NewsView:368

NEW DELHI, India, September 3, 2008 - DuPont today announced the introduction of its DuPont Photovoltaic Solutions (DPVS) business in India. DuPont Photovoltaic Solutions is a leading global supplier to the photovoltaic industry, offering a broad and growing portfolio of innovative solutions for both crystalline silicon and thin film modules designed to help deliver clean, sustainable energy to enhance people’s lives. The DPVS product portfolio includes films, resins, encapsulant sheets, flexible substrates, and conductive pastes for both crystalline silicon and thin film modules to the photovoltaic industry in India.

Through investments in materials, technology development and manufacturing, DuPont is accelerating its ability to improve the lifetime and efficiency of photovoltaic cells and modules, and to deliver enough production capability to help keep pace with the fast rising global demand.

“The most important factor for continued rapid market growth is to invest in solutions that meet the needs of this market,” said Marc Doyle, global business director -- DuPont Photovoltaic Solutions. “India has been identified as having a high potential for market growth in solar energy and this segment will drive the company’s strategic growth in the country.”

To support the solar energy market in India, the company plans to establish a photovoltaic lab by 2010 at the DuPont Knowledge Center in Hyderabad. This lab will provide technical and research facility support to DuPont customers in the solar energy industry. DuPont Photovoltaic Solutions will also install a photovoltaic array at the DuPont Knowledge Center in order to generate a portion of the center’s energy requirements from renewable solar energy.

“Driven by India’s geographical location, government incentives to promote renewable energy and increasing energy requirements in the country, India will emerge as a large manufacturing base for photovoltaic cell and module production and DuPont is delighted to be able to provide material solutions to the domestic manufacturers,” said Balvinder S. Kalsi, president & CEO -- DuPont India.

DuPont anticipates that the photovoltaic market will grow by more than 50 percent in each of the next few years, driving demand for existing and new materials that are more cost effective. DuPont expects that its sales of several product lines into the photovoltaic industry could exceed $1 billion within the next five years.

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.

Source: DuPont Author: shangyi

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