Boviet Solar USA Celebrates 30th Anniversary of Parent Company Powerway Group Lasting Success of Leading Metals Manufacturer Creates Strong Foundation for Solar Module Manufacturer Subsidiary

SAN JOSE, Calif. (October 24, 2017) – On October 27, Boviet Solar USA will celebrate the 30th anniversary of its parent company, Powerway Group Co., Ltd. The success and diversity of the Powerway Group has provided a solid financial foundation and extensive research and manufacturing capacity for its subsidiary businesses, including Boviet Solar USA.

Founded in 1987, Powerway Group is one of the world’s largest suppliers of non-ferrous metal alloys and specialty materials and parts. The company generates more than $1.5 billion (U.S.) in annual revenues. The company also has world-class research and development facilities and manufacturing operations, including Boviet Solar Technology Co., Ltd., which maintains a 70,000-square-meter R&D and manufacturing facility in Bac Giang, Vietnam. As part of the Powerway portfolio, Boviet is the largest photovoltaic manufacturer in Vietnam with more than 650 MW of annual manufacturing capacity and more than 700 employees. The facility plans to move to all-PERC solar module manufacturing in 2018.

“Powerway Group’s 30th birthday is an important milestone for Boviet Solar USA,” said John Bereckis, president of the Solar Modules division of Boviet Solar USA. “As the solar module industry becomes more commoditized, having the financial and technological backing of a company like Powerway keeps Boviet Solar USA competitive. Our R&D and manufacturing capabilities allow us to deliver better quality modules with higher power output and better warranties at competitive prices. As the solar market continues to evolve, it’s quality and warranties that will give vendors an advantage.”

Powerway Group is headquartered in Ningbo, China, and manufactures specialty metal alloys, materials, precision electrode wires, and parts made from precious metals. The company’s subsidiaries include Powerway Alloy Material Co., Ltd. (listed on the Shanghai Stock Exchange, 601137), Powerway Materialise Co., Ltd., Boway Investment Co., Ltd., Italisa (Vietnam) Co., Ltd., Powerway Alloy Plate and Strip Co., Ltd., and Boviet Technology Co., Ltd. Powerway Group has more than 5,000 employees and manufactures products for aerospace, traffic control, communications, household appliances, and renewable energy. The company’s customers include companies such as Apple, Bosch, Emerson, Hitachi, Honeywell, Huwaei, Kohler, Moen, Panasonic, Samsung, and Siemens, to name a few.

About Boviet Solar

Boviet Solar Technology Co. Ltd. was founded on September 6th, 2013 in Vietnam, headquartered in San Jose, California, USA, and a wholly owned subsidiary of Powerway Alloy Materials Co. Boviet Solar is the largest solar panel manufacturer in Vietnam and leading bankable solar power companies in the world. Boviet solar provides state-of-the-art PV modules to residential, commercial, and utility customers around the world with 1.5 GW PV cell and module manufacturing capacity.

For more information please visit:

Boviet Solar Co. Ltd: https://www.bovietsolarusa.com/

Boway Group.: https://www.bowayalloy.com/en/about/about.html