updated 9/8/2010 4:15:44 AM ET 2010-09-08T08:15:44

VALENCIA, Spain, Sept. 8, 2010 (GLOBE NEWSWIRE) -- JA Solar Holdings Co. Ltd. (Nasdaq:JASO), a leading manufacturer of high-performance solar power products, today announced that it has signed multiple supply agreements with several customers to provide over 500MW of mono-crystalline and multi-crystalline solar cells for 2011 delivery.

Under the terms of the agreements, JA Solar will supply these customers with solar cells beginning in January 2011 through December 2011.  These supply agreements come with prepayments for committed solar cell delivery in 2011. 

"We are seeing very strong demand for our technologically advanced, high-quality products from our diverse global customer base," said Dr. Peng Fang, CEO of JA Solar.  "Our customers view JA Solar as a reliable supplier partner, and rely on JA to provide them with their 2011 product requirements.  We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry."  

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by words such as "may," "expect," "anticipate," "aim," "intend," "plan," "believe," "estimate," "potential," "continue," and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our production output and production outlook.  These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry.  Further information regarding these and other risks is included in Form 20-F and other documents filed with the Securities and Exchange Commission.  The company undertakes no obligation to update forward-looking statements, except as may be required by law.  Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

About JA Solar Holdings Co., Ltd.

JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products.  The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation.  For more information, please visit http://www.jasolar.com.

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