BOVIET SOLAR RANKS IN ALTMAN Z-SCORE SAFE ZONE IN SINOVOLTAICS PV MODULE MANUFACTURER FINANCIAL BANKABILITY RANKING OF 2026

GREENVILLE, North Carolina, USA, June 03, 2026 — Boviet Solar Technology LLC. (the “Company” or “Boviet Solar”), an Inox Solar Americas company, specializing in the manufacturing of high-performance monocrystalline Galaxion™ N-Type PV cells, Gamma Series™ Monofacial PV modules, and Vega Series™ Bifacial PV modules, announced today that it has been ranked within the Altman Z-Score SAFE Zone in the Sinovoltaics PV Module Manufacturer Financial Stability Ranking Report for 2026.

Boviet Solar first achieved this status in 2024 and has maintained this prestigious distinction across every addition of 2024, reflecting the company’s consistent bankability and financial stability,

Sinovoltaics specializes in technical compliance and quality assurance services for solar photovoltaics and battery energy storage systems. Edition 2 2026 of Sinovoltaics’ PV Module Manufacturer Ranking report includes the financial stability scores of publicly listed Asian, European, and American solar PV module manufacturers. Since 2021, Sinovoltaics has collected publicly available financial data to rank companies based on the Altman Z-Score, a widely recognized financial assessment tool that assesses the financial stability of manufacturers, identifying which companies are financially secure and which are at risk of going bankrupt within the next two years. For more information about Sinovoltaics report please visit : www.sinovoltaics.com

The main factors affecting the Sinovoltaics’ rankings include:

• Working Capital
• Total Assets
• Retained Earnings
• Earnings Before Interest & Tax
• Market Value of Equity
• Total Liabilities
• Sales

For stakeholders in solar projects, the financial strength of the manufacturer is vital. PV modules from financially stable manufacturers help mitigate the risk of a collapsing return on investment (ROI) in any PV project. A PV module manufacturer’s financial stability impacts the validity and enforceability of its warranty policies. Being ranked in the top 10 of Sinovoltaics’ PV Module Manufacturer Ranking Report is an important indicator of Boviet Solar’s reliability as a long-term industry partner that clients and financial institutions can trust.

 “Being recognized among the world’s most financially stable PV module manufacturers reinforces the confidence that customers, project developers, EPCs, and financing institutions place in our long-term operational strength and manufacturing capabilities,” said Ashok Nair, President & CEO USA PV Module Manufacturing, Inox Solar Americas. “As we continue expanding our U.S. manufacturing operations and strengthening our domestic solar supply chain presence, this recognition reflects our commitment to financial discipline, operational stability, product reliability, and long-term partnership support across the renewable energy industry.”

“This recognition reflects Boviet Solar’s continued focus on building a resilient, transparent, and execution-driven solar manufacturing business capable of supporting utility-scale, commercial, industrial, and distributed generation solar projects,” said Sienna Cen, President of Boviet Solar USA. “It reinforces the trust that project developers, EPCs, investors, and financing institutions place in our financial stability, manufacturing consistency, product quality, and long-term commitment to delivering reliable solar energy solutions for the U.S. and global solar markets.”

Boviet Solar has consistently demonstrated strong bankability, as evidenced by its inclusion in several prestigious industry rankings and assessments. Boviet Solar has been named one of the top 10 Global bankable PV module manufacturers by Wood and Mackenzie. Boviet Solar’s PV Modules are known for their power, performance, and quality and have been rated as top performers in other notable reliability scorecards since 2019. Black & Veatch successfully completed an independent assessment of Boviet Solar’s manufacturing facilities in 2022. These accolades collectively affirm Boviet Solar’s commitment to excellence and its role as a dependable partner in the renewable energy sector.

About Boviet Solar

Boviet Solar, an Inox Solar Americas company founded in 2013, is a leading solar technology company specializing in the manufacturing of advanced monocrystalline Galaxion N-Type™ PV cells and premium Gamma Series™ monofacial and Vega Series™ bifacial PV modules. Boviet Solar’s top-performing PV modules are engineered for a wide range of applications, including residential, commercial, industrial, community solar, and utility-scale solar projects.

Boviet Solar combines business acumen, financial strength, technological expertise, and manufacturing excellence to deliver reliable, high-efficiency solar solutions to customers across the renewable energy industry. The company is strongly committed to sustainability, supply chain traceability, and compliance with U.S. and international trade standards while fostering long-term, trust-based partnerships throughout the energy sector. Boviet Solar has earned broad industry recognition for quality, reliability, and operational performance.

Boviet Solar has received multiple global bankability recognitions from leading independent research and analytics organizations. The company has been consistently ranked as a Tier 1 PV Module Manufacturer by Bloomberg New Energy Finance (BNEF) since 2017, recognized among Wood Mackenzie’s A-Class Bankable Global PV Module Manufacturers since 2024, and listed among Sinovoltaics’ Top 10 Most Financially Stable PV Module Manufacturers since 2024. In addition, TeraWatt PV has ranked Boviet Solar as Global Silver plus PV Module manufacturer, while Kiwa PVEL has recognized the company’s products as Top Performers in its PV Module Reliability Scorecard since 2019. Collectively, these distinctions reinforce Boviet Solar’s strong bankability, financial resilience, manufacturing credibility, and long-term reliability.

Boviet Solar operates its U.S. PV module and PV cell manufacturing facility in Greenville, North Carolina, supporting domestic solar deployment through localized production, supply chain stability, and efficient logistics. As an Inox Solar Americas company, Boviet Solar operates within a broader renewable energy platform under Inox Clean Energy and the INOXGFL Group, strengthening the company’s long-term positioning, operational stability, and alignment with evolving U.S. market, policy, and regulatory requirements.

For more information, please visit www.bovietsolar.com, www.inoxclean.com, www.inoxgfl.com

MEDIA INQUIRES:
Songül Atacan
Head of Global Brand and Marketing
Boviet Solar
songul.atacan@bovietsolar.com