BAODING, China, Jan. 31, 2013 /PRNewswire/ — Yingli Green Energy Holding Company Limited (NYSE:YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand “Yingli Solar,” today announced that it has entered a strategic partnership agreement (the “Agreement”) with SAP AG, a world leader in enterprise software and software-related services.
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According to the Agreement, Yingli Green Energy will apply SAP’s enterprise resource planning (“ERP”) software and business intelligence (“BI”) solutions. The implementation of the ERP software and the BI solutions (the “Project”) is designed to be accomplished in four phases. Yingli Green Energy expects the first phase of the Project to be online in October 2013. SAP also appointed its vice president in China as a member of the project steering committee, and established a supervisory team to ensure the successful completion of the Project.
“We’re pleased to unveil this strategic partnership with SAP,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “By leveraging SAP’s market-leading ERP software and business intelligence solutions, we hope to further optimize our global management efficiency, streamline our processes across all functional divisions, enable efficient decision making process based on reliable and real-time business data, and ultimately, enhance our competitiveness and drive the sustainable growth of our business globally.”
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE:YGE), which markets its products under the brand “Yingli Solar,” is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers. Yingli Green Energy’s manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. In August 2012, Yingli Green Energy reached a balanced vertically integrated production capacity of 2,450 MW per year at its production facilities located in Baoding, Haikou, Tianjin and Hengshui, respectively. Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 20 subsidiaries and branch offices worldwide. Yingli Green Energy is publicly listed on the New York Stock Exchange (NYSE:YGE). For more information, please visit www.yinglisolar.com.
About SAP AG
Headquartered in Walldorf, Germany, with locations in more than 130 countries, SAP AG is the world leader in enterprise software and software-related services. For more information, please visit www.sap.com/china
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of 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,” “target” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy’s control, which may cause Yingli Green Energy’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy’s filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.