Canadian Solar, Inc. (the "Company," "we" or "Canadian Solar") (NASDAQ: CSIQ) announced the availability of its proprietary new ELPS solar cell technology. Canadian Solar's breakthrough ELPS (Efficient, Long-Term, Photovoltaic Solution) technology enables solar cells to collect more light resulting in up to 19.5 percent cell efficiency for monocrystalline and up to 18 percent efficiency for polycrystalline cells.

"Canadian Solar prides itself in our history of successful technology and efficiency improvements, which benefit customers and help develop the broader global market for solar energy. Our newest launch, ELPS cell technology, enables a significant reduction in production cost per watt, while simultaneously increasing cell energy efficiency," said Dr. Shawn Qu, chairman and CEO of Canadian Solar, Inc. "The increased cell efficiency and the fact that the ELPS cells integrate with our existing product lines will help our customers in both the residential and commercial spaces seamlessly achieve and maintain a higher ratio of power output per investment."

Canadian Solar will hold a presentation on its ELPS technology at 4:00 p.m. PT on July 12 at the Innovation Exchange at Intersolar North America. The cells will also be showcased at Canadian Solar's Intersolar booth # 8710, Level 2.