Canadian Solar to Offer Six Year Product Warranty

TORONTO, June 24 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. ("the
Company", "Canadian Solar" or "we") (Nasdaq: CSIQ) today announced it would
offer a six year warranty on module material and workmanship, extended from
two years previously. Under this extended warranty, Canadian Solar warrants
its standard solar module products, which account for more than 90% of the
Company's production, to be free from defects in materials and workmanship for
a duration of 72 months from the date of delivery (EX-work). Some of the
company's off-grid and specialty solar products may carry different warranty
terms.
Dr. Shawn Qu, the President and CEO of Canadian Solar, commented, "This is
one of the best product workmanship warranties in the PV industry and Canadian
Solar is pleased to offer this extended warranty. This was a logical step for
us given the high confidence we have in our product workmanship and positive
real world feedback from customers. Our solar modules are designed and
manufactured to the highest industry standards. For example, Canadian Solar is
the only major solar module manufacturer accredited with ISO:TS 16949, the
automotive Quality Management System standard since 2003. By extending the
product warranty to 6 years, we want to make sure our customers can sit back
and relax after they have completed their PV system with our modules.
Importantly, while we are giving our customers a significant benefit we do not
expect this to impact profitability. Rather, we believe our policy change will
help increase sales and margin."
About Canadian Solar Inc.
Canadian Solar Inc. is 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 systems for
on-grid and off-grid use to customers worldwide. Canadian Solar is one of the
world's largest solar module producers by manufacturing capacity. 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.canadian-solar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding
expected future financial and industry growth 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 general business and economic conditions and
the state of the solar industry; governmental support for the deployment of
solar power; future shortage or availability of the supply 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 price; 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.
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.
SOURCE Canadian Solar Inc.

In Canada: Alex Taylor, IR Director, Canadian Solar Inc., +1-905-530-2334, or
ir@csisolar.com; In the U.S., David Pasquale, Global IR Partners,
+1-914-337-8801, csiq@globalirpartners.com