Press Release | 10.31.2017
Sunvalley Solar Wins Case Against China Solar Panel Manufacturer Baoding Tianwei Solarfilms
Walnut, California Oct 30, 2017 Sunvalley Solar, Inc. (SSOL), a leading solar power technology and solar system integration company, announced today that it has been awarded damages and other costs in a legal dispute with Baoding Tianwei Solarfilms surrounding faulty equipment.
In January 2011, Baoding Tianwei Solarfilms entered into an agreement with Sunvalley to manufacture customized panels for Sunvalleys customers. Sunvalley later incurred damages due to defective equipment provided from the manufacturer. In September 7th, 2017, Superior Court of California County of Los Angeles awarded Sunvalley with $4,864,722.35 in a default judgment against Baoding Tianwei Solarfilms.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the worlds carbon foot print from traditional energy sources to make renewable sources such as solar the nations mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statements: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
Sunvalley Solar, Inc. Investor Relations
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