No.1 revenue and shipment in the U.S. in 2016: Hanwha Q CELLS to unveil completely new module series at SPI

– The monocrystalline Q.PEAK DUO Q.ANTUM module series can reach module efficiency close to 20% and produce up to 395Wp
– Hanwha Q CELLS earned No.1 market share in South Korea and Turkey while being ranked No.2 in Japan for superior quality
– Hanwha Q CELLS shows technological strengths in SPI [Solar Power International], boasting the largest booth in the expo hall

[Las Vegas, Nevada, USA, September 11, 2017] Hanwha Q CELLS has attained the highest revenue and total shipments amongst solar panel manufacturers in the U.S.A. in 2016, the company announced at Solar Power International (SPI) in Las Vegas today. Hanwha Q CELLS presents its full portfolio of Q.ANTUM-based solar modules at the show from September 11 to 13, 2017. More than 600 companies showcase at SPI and over 50,000 attendees are expected to visit the exhibition hall, while Hanwha Q CELLS boasts the largest booth at the event.

At SPI, Hanwha Q CELLS launches the Q.PEAK DUO series, their brand new high-end-power monocrystalline modules based on Q.ANTUM half-cell technology. The monocrystalline modules reach efficiencies of close to 20% and power outputs of up to 395 Wp, guaranteeing linear performance of up to 85% after 25 years (Industry average: 82~83%). In addition, Hanwha Q CELLS will feature an all-black version with impressive aesthetics and its newly developed Q.HOME energy storage system.

Hanwha Q CELLS achieved brilliant performance in various other regional markets besides the U.S. In 2016, the company earned No.1 market share in Korea and Turkey. Moreover, Hanwha Q CELLS achieved No.2 market share in India, an emerging market.

In addition, Hanwha Q CELLS Japan achieved No.2 market share, surpassing other competitors such as Sharp and Panasonic. Hanwha Q CELLS entered the Japanese solar market in August of 2011, but only two years later in 2013, Hanwha Q CELLS Japan excelled as the largest foreign solar product provider. In 2016, Hanwha Q CELLS shipped 700 MW of solar modules, thus ranking second among solar suppliers in the country and accounting for 10% of market share. According to the International Energy Agency (IEA), the total amount of solar modules installed in Japan by the end of 2016 was 42.8 GW, of which 7% was supplied by Hanwha Q CELLS.

“The Q.PEAK DUO module series fulfills the needs of the high-power module market”, said Mr. Seong Woo Nam, Chairman and CEO of Hanwha Q CELLS. He continued, “We will do our best to continue developing breakthrough solutions to fulfill a full portfolio from residential to utility markets as a leading solar energy company.”

Meanwhile, Hanwha Q CELLS won the Terawatt Diamond Award, given to the top 10 firms based on comprehensive evaluations of product technologies and marketing capabilities for 3 consecutive years. Moreover, in May of this year, Hanwha Q CELLS’ Q.PEAK RSF L-G4.2 won the 2017 Intersolar Award for being the most innovative product amongst applicants.

<MORE TO SEE AT HANWHA Q CELLS’ Booth at 3937>
Hanwha Q CELLS will be presenting these additional attractions: Visitors will have the chance to follow regular presentations about the innovations of Q.PEAK DUO followed by a game and prizes. Moreover, Hanwha Q CELLS will host a presentation on the steel frame module Q.PEAK RSF at the Future PV Roundtable, which will be held on Tuesday September 12th in Roof E of the Mandalay Bay Expo Center.

Q.PEAK AND Q.PLUS: Q.ANTUM´S CURRENT TOP PERFORMERS
The standard monocrystalline Q.PEAK series and multicrystalline Q.PLUS L will be showcased at SPI:
– Q.PEAK-G4.1: monocrystalline 60-cell Q.ANTUM solar module with white backsheet, black frame, and power ratings of up to 310 Wp
– Q.PEAK BLK-G4.1: all-black monocrystalline 60-cell Q.ANTUM solar module with black backsheet, black frame, and power ratings of up to 300 Wp
– Q.PEAK-G4.1/MAX: smart monocrystalline 60-cell Q.ANTUM solar module with white backsheet, black frame, and power ratings of up to 310 Wp
– Q.PLUS L-G4.2: multicrystalline 72-cell Q.ANTUM solar module with white backsheet, silver frame, and power ratings of up to 355 Wp

Q.PEAK DUO AND Q.PEAK RSF: THE NEXT GENERATION OF Q.ANTUM
These Q.ANTUM highlights are soon to raise the bar for performance and quality:
– Q.PEAK DUO: monocrystalline 120 half-cell Q.ANTUM module, white backsheet, black frame, improved temperature coefficient, and power ratings of up to 330 Wp
– Q.PEAK DUO BLK: all-black monocrystalline 120 half-cell Q.ANTUM module, black backsheet, black frame, impressive aesthetics, and power ratings of up to 320 Wp
– Q.PEAK DUO L: monocrystalline 144 half-cell Q.ANTUM module, white backsheet, silver frame, maximum energy yield, and power ratings of up to 395 Wp
– Q.PEAK RSF L – G4.2: monocrystalline 72-cell Q.ANTUM solar module with innovative reinforced steel frame, decentralized junction box, and power ratings of up to 375 Wp for lowest LCOE and optimized manageability. Winner of the 2017 Intersolar Innovation Award

<About Hanwha Q CELLS>
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world´s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in Malaysia, South Korea and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 8 business enterprise in South Korea. For more information, visit: www.hanwha-qcells.com

<About Hanwha Q CELLS Japan>
Hanwha Q CELLS Japan Co., Ltd was established in 1984 as Japanese subsidiary of a South Korea’s leading enterprise, Hanwha Group and commemorated 30th anniversary in February 2014. Hanwha Q CELLS Japan conducts exportation, importation in Asia and sales in Japanese market for various key industries such as solar energy (photovoltaic module importation and IPP), chemicals, iron, steel, mechatronics, manufacturing facilities, automotive components and IT products. In 2016, Hanwha Q CELLS Japan entered PV business in 2011 and became a Top 3 PV manufacturer in Japan based on shipment volume in 2016, ever since the company entered PV business in 2011. For more information, visit: www. q-cells.jp

<Safe-Harbor Statement>
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Hanwha Q CELLS Co., Ltd