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

"Canadian Solar prides itself on its successful technology and efficiency improvements, which benefit customers and help develop the global market for solar energy. Our new 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 efficiency and easy integration of ELPS cells with our existing product lines will help our customers in the residential and commercial spaces seamlessly achieve and maintain a higher ratio of power output per investment."

Canadian Solar will present its ELPS technology at 4:00 p.m. PT on July 12 at the Innovation Exchange at Intersolar North America taking place at the Moscone Center in San Francisco, California. The cells will be showcased at Canadian Solar's Intersolar booth # 8710, Level 2.