China Sunergy, SolarMax Sign LOI

China Sunergy Co., Ltd. (Nasdaq: CSUN), a solar cell manufacturer based in Nanjing, China, has signed a letter of intent with SolarMax Technology Inc., a photovoltaic system integrator in the United States.

According to the letter of intent, China Sunergy will supply 25 megawatts (MW) of solar cells to SolarMax throughout 2009. The supply schedule and supply volume are subject to change.

SolarMax will act as a sales agent and representative of China Sunergy in the U.S., and China Sunergy will receive local support from SolarMax.