TOYO Co., Ltd Receives TÜV SÜD and CSA Certifications
TOYO Co., (Nasdaq: TOYO) announces that its subsidiary, Toyo Solar Company , has obtained both TÜV SÜD and CSA certifications for its photovoltaic (PV) modules. The TÜV SÜD certification validates TOYO's adherence to safety, quality, and performance standards, while the CSA certification enables access to North American markets.
The certifications come as TOYO prepares for a 2.5 GW solar module expansion in the U.S., where the company is pursuing certification requirements as a contract manufacturer. Chairman and CEO Junsei Ryu emphasized that these achievements reinforce their position as a trusted provider in the renewable energy sector.
TOYO Co., (Nasdaq: TOYO) annuncia che la sua controllata, Toyo Solar Company, ha ottenuto sia la certificazione TÜV SÜD che la certificazione CSA per i suoi moduli fotovoltaici (PV). La certificazione TÜV SÜD convalida l'adesione di TOYO a standard di sicurezza, qualità e prestazioni, mentre la certificazione CSA apre l'accesso ai mercati nordamericani.
Le certificazioni arrivano mentre TOYO si prepara a un espansione dei moduli solari da 2,5 GW negli Stati Uniti, dove l'azienda sta perseguendo i requisiti di certificazione come produttore a contratto. Il presidente e CEO Junsei Ryu ha sottolineato che questi traguardi rafforzano la loro posizione come fornitore fidato nel settore delle energie rinnovabili.
TOYO Co., (Nasdaq: TOYO) anuncia que su subsidiaria, Toyo Solar Company, ha obtenido tanto la certificación TÜV SÜD como la certificación CSA para sus módulos fotovoltaicos (PV). La certificación TÜV SÜD valida el cumplimiento de TOYO con los estándares de seguridad, calidad y rendimiento, mientras que la certificación CSA permite el acceso a los mercados de América del Norte.
Las certificaciones llegan mientras TOYO se prepara para una expansión de módulos solares de 2.5 GW en EE. UU., donde la compañía está cumpliendo con los requisitos de certificación como fabricante por contrato. El presidente y CEO Junsei Ryu enfatizó que estos logros refuerzan su posición como proveedor de confianza en el sector de las energías renovables.
TOYO Co., (Nasdaq: TOYO)는 자회사인 Toyo Solar Company가 태양광(PV) 모듈에 대한 TÜV SÜD 및 CSA 인증을 모두 획득했다고 발표했습니다. TÜV SÜD 인증은 TOYO의 안전, 품질 및 성능 기준 준수를 확인하며, CSA 인증은 북미 시장 접근을 가능하게 합니다.
TOYO는 미국에서 2.5 GW 태양광 모듈 확장을 준비하면서 이러한 인증을 받게 되었으며, 계약 제조업체로서의 인증 요구 사항을 충족하고 있습니다. 회장 겸 CEO인 Junsei Ryu는 이러한 성과가 재생 에너지 분야에서 신뢰할 수 있는 공급자로서의 입지를 강화한다고 강조했습니다.
TOYO Co., (Nasdaq: TOYO) annonce que sa filiale, Toyo Solar Company, a obtenu à la fois la certification TÜV SÜD et la certification CSA pour ses modules photovoltaïques (PV). La certification TÜV SÜD valide la conformité de TOYO aux normes de sécurité, de qualité et de performance, tandis que la certification CSA permet d'accéder aux marchés nord-américains.
Ces certifications interviennent alors que TOYO se prépare à une expansion de modules solaires de 2,5 GW aux États-Unis, où l'entreprise s'attaque aux exigences de certification en tant que fabricant sous contrat. Le président et PDG Junsei Ryu a souligné que ces réalisations renforcent leur position en tant que fournisseur de confiance dans le secteur des énergies renouvelables.
TOYO Co., (Nasdaq: TOYO) gibt bekannt, dass ihre Tochtergesellschaft, Toyo Solar Company, sowohl die TÜV SÜD-Zertifizierung als auch die CSA-Zertifizierung für ihre Photovoltaik(PV)-Module erhalten hat. Die TÜV SÜD-Zertifizierung bestätigt die Einhaltung von Sicherheits-, Qualitäts- und Leistungsstandards durch TOYO, während die CSA-Zertifizierung den Zugang zu den nordamerikanischen Märkten ermöglicht.
Die Zertifizierungen kommen, während TOYO sich auf eine Erweiterung der Solar-Module um 2,5 GW in den USA vorbereitet, wo das Unternehmen die Zertifizierungsanforderungen als Auftragshersteller verfolgt. Vorsitzender und CEO Junsei Ryu betonte, dass diese Erfolge ihre Position als vertrauenswürdiger Anbieter im Bereich der erneuerbaren Energien stärken.
- Obtained TÜV SÜD certification, validating global quality and safety standards
- Secured CSA certification, enabling access to North American markets
- Preparing for significant 2.5 GW solar module expansion in the U.S. market
- None.
Insights
The TÜV SÜD and CSA certifications, while validating TOYO's quality standards, represent preliminary steps toward their ambitious 2.5 GW solar module expansion in the U.S. market. These certifications are essential prerequisites for market access but don't guarantee commercial success. The North American solar market is highly competitive, with established players like First Solar and Canadian Solar dominating the landscape.
The certifications primarily demonstrate regulatory compliance rather than technological superiority or market advantage. For context, major competitors typically maintain multiple international certifications as standard practice. TOYO's relatively modest market cap of
In simpler terms: While getting these certifications is like getting a license to compete, TOYO still needs to prove they can effectively build and sell their products in a market where much bigger players already have strong positions. Think of it as getting permission to enter a race – important, but not the same as being able to win it.
TÜV SÜD has been operating for more than 150 years and is a globally recognized organization specializing in testing, inspection and certification services. TÜV SÜD has extensive network of multidisciplinary experts, accredited laboratories and offices established in the world's major business hubs and key production centers, to support companies' safety, security and sustainability needs. TÜV SÜD certification demonstrates TOYO's commitment to safety, quality and performance standards set at an organizational, local or international level.
TOYO Solar Company Limited has also secured CSA certification issued by Canadian Standards Association, or CSA, which is widely recognized and crucial for accessing North American markets. The CSA standards focus on the safety of PV modules and ensures that they can withstand the rigors of installation in diverse geographical locations.
"We are thrilled to receive the TÜV SÜD and CSA certifications for our solar modules," said Mr. Junsei Ryu, Chairman and CEO of TOYO. "In preparation for our 2.5 GW solar module expansion in the
About TOYO Co., Ltd.
TOYO is a solar solutions company that is committed to becoming a reliable integrated solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding the expected growth of TOYO, the expected order delivery of TOYO, TOYO's construction plan of manufactures, and strategies for building up an integrated value chain in the
The forward-looking statements in this press release involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO cautions you that these forward-looking statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the Securities and Exchange Commission (the "SEC"). These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements in this press release.
TOYO cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to several risks and uncertainties, including, among others, the outcome of any potential litigation, government or regulatory proceedings, the sales performance of TOYO, and other risks and uncertainties, including but not limited to those included under the heading "Risk Factors" in the filings of TOYO with the SEC. There may be additional risks that TOYO does not presently know or that TOYO currently believes are immaterial that could also cause actual results to differ from those contained in these forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of TOYO as of the date of this press release. Subsequent events and developments may cause those views to change. However, while TOYO may update these forward-looking statements in the future, there is no current intention to do so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements to represent the views of TOYO as of any date subsequent to the date of this press release. Except as required by law, TOYO does not undertake any duty to update these forward-looking statements.
Contact Information:
For TOYO Co., Ltd.
IR@toyo-solar.com
Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185
View original content:https://www.prnewswire.com/news-releases/toyo-co-ltd-receives-tuv-sud-and-csa-certifications-302336081.html
SOURCE TOYO Co., Ltd
FAQ
What certifications did TOYO (NASDAQ:TOYO) receive in December 2024?
What is the significance of TOYO's CSA certification for North American expansion?
What is TOYO's planned solar module expansion capacity in the U.S.?
How will the TÜV SÜD certification benefit TOYO's market position?
