This, pretty much, is the challenge of the Zero Race, which starts today in Geneva, Switzerland and will travel through Moscow, Shanghai, Vancouver and San Francisco – and more – before cruising into Cancun, Mexico, for a UN climate conference there at the end of November. The event is being sponsored by the United Nations Environment Program, Google Inc. and Canadian Solar, among others.
Four teams will make the drive, including the Oerlikon Solar Racing Team from Switzerland in the Zero Tracer (a cousin to the X-Tracer, which is still competing in the X-Prize), the Vectrix Team from Germany, Team Trev from Australia and the Power Plaza Team from South Korea. The Zero Race is a project of Louis Palmer, who long-time readers will remember from his 'round-the-world Solar Taxi trip. Quite a life this guy leads. We call shotgun for the next event. It's not entirely easy though, as Zero Race was supposed to start in June – let's hope the arrival in Cancun won't be delayed quite as much.
[Source: Zero Race, Bloomberg]
Canadian Solar Sponsors Global, Zero-Emission, Electric Car Race
Teams to Cover 16 Countries in 80 days Highlighting Environment, Energy Efficiency and Reliability
ONTARIO, Canada, Aug. 16 /PRNewswire-Asia/ -- Canadian Solar Inc. ("the Company", "we" or "Canadian Solar") (NASDAQ:CSIQ) , one of the world's largest solar companies, today announced its sponsorship of a one a kind, zero-emission, electric car race. The extraordinary car race will start today at the Square of Nations in Geneva and cover Europe, Asia, and North America. Four teams, will have 80 days to cover 30,000 kilometers across 16 countries in their zero-emission, electric cars.
"We loved the idea of going around the world in electric cars from the very first day. This project symbolizes the solar industry's power of innovation, and it provides a vision of what will be possible in the future. This remarkable race is perfectly in line with Canadian Solar's sustainability goals. We are very proud of our association with this event and congratulate the teams for their participation," said Dr. Shawn Qu, CEO and Chairman of Canadian Solar.
For the 80-day world tour, the teams have designed highly sophisticated electric vehicles. Different from classic car races, the ZERO race is not about speed, but about the environment, energy efficiency and reliability.
New approaches of climate protection and energy efficiency
The ZERO race was initiated by Louis Palmer from Switzerland, who was the first person to go around the world in a solar-powered vehicle. The organization team wants to use the race to build public awareness for the potentials of renewable energies and energy efficiency, particularly in the face of the ever-increasing global traffic and the growing environmental pollution. In November, the participants will stop over for the United Nations Climate Change Conference in Cancun, Mexico. "We want to demonstrate that in the long term, seven billion people who live on this planet depend on renewable energies, and on clean mobility approaches. The ZERO Race is mostly about demonstrating realistic approaches to find a more climate-friendly and greener future," said Palmer.
For more information about the ZERO RACE, please visit: http://www.zero-race.com/.
About Canadian Solar Inc. (NASDAQ:CSIQ)
Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development. For more information, visit http://www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements:
Certain statements in this press release including statements regarding our expected future shipment volumes, gross and net margins, manufacturing capacities and cell conversion efficiencies, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding the SEC and internal investigations described above as well as general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on June 8, 2009, as amended by its report on Form 20-F/A filed on October 14, 2009. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.