Exhibit 99.1
Hanwha Q CELLS Signs Photovoltaic Module Supply Agreement with Florida Power & Light Company
Seoul, South Korea, January 23, 2017 --Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS”), one of the world’s largest manufacturers of high-performance, high-quality photovoltaic (“PV”) modules, signed on January 19, 2017, a PV module supply agreement with Florida Power & Light Company (“FPL”). Under the supply agreement, a subsidiary of Hanwha Q CELLS, Hanwha Q CELLS America Inc., will provide PV modules to FPL for an aggregate purchase price of $317.1 million in 2017.
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 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 10 business enterprise in South Korea. For more information, visit:http://www.hanwha-qcells.com/
Safe-Harbor Statement
This report 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. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS’ filings with the 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 any forward-looking statements, whether as a result of new information, future events or otherwise.
