TOKYO, April 21, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), a solar solution company, today announced it will host a conference call to discuss second half and fiscal year 2024 results on Monday, April 28, 2025. Conference Call Details are as follow: Date: Monday, April 28, 2025 Time: 8:30 AM ET Live Webcast: https://events.q4inc.com/attendee/370740443 The second half and fiscal year 2024 earnings release and related investor deck will be available on the investor relations website at i ...

Core Insights - TOYO Co., Ltd hosted Ethiopian Prime Minister Abiy Ahmed at its solar cell production facility, highlighting the company's commitment to renewable energy and technological innovation [1][2] - The Ethiopian facility is expanding from 2 GW to 4 GW capacity, with completion expected by July 2025 and production starting in August 2025, aligning with global demand for solar cells [3] - Prime Minister Abiy Ahmed invited TOYO's parent company, Abalance Group, to participate in developing photovoltaic power plants in Ethiopia, aiming to enhance strategic cooperation and support national green energy goals [4] Company Overview - TOYO is focused on becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [6] - The company emphasizes its dedication to advancing clean energy solutions globally through innovative technologies and a robust supply chain [5]

Core Insights - The Japan Go IPO Summit will take place on June 5, 2025, in Tokyo, co-hosted by Nasdaq and MarcumAsia, featuring a lineup of prominent speakers discussing cross-border listings and IPO strategies [1][4]. Group 1: Keynote and Speakers - Keitaro Ishii, Director of Kura Sushi USA, will deliver a keynote address on achieving long-term success as a U.S. public company, highlighting Kura Sushi's transition from Japan to the U.S. market [2][5]. - Coincheck Group's executives will share insights on their successful U.S. listing via a SPAC merger, discussing lessons learned and strategies for building investor confidence post-listing [3][5]. - Junsei Ryu, CEO of TOYO Co. Ltd. and Abalance Corporation, will provide perspectives on managing public companies listed on both Nasdaq and the Tokyo Stock Exchange [3]. Group 2: Summit Focus Areas - The summit will cover essential topics such as IPO readiness, cross-border strategies, and capital raising in U.S. public markets, featuring discussions from industry leaders who have facilitated Japanese companies' public offerings [4][5]. - Specific sessions will address the state of the U.S. IPO market, elements of IPO success, and the advantages and lessons learned from SPACs [6]. Group 3: Registration and Attendance - Registration for the invitation-only event is now open, with attendance being free but limited in capacity [6].

Core Viewpoint - TOYO Co., Ltd is expanding its solar cell capacity by an additional 2 gigawatts (GW) at its facility in Ethiopia, responding to strong global demand for high-performance solar cells [1][2]. Expansion Details - The expansion will double the current production capacity from 2GW to 4GW [8]. - The project is estimated to require an investment of $47 million [8]. - Construction for the expansion is scheduled to begin in April 2025 and is expected to be completed by July 2025, with production commencing in August 2025 [8]. Facility and Infrastructure - TOYO is negotiating a lease for a 28,000 m² facility in Hawassa, Ethiopia, adjacent to the existing Phase 1 site, which will support the Phase 2 expansion [3]. - The existing infrastructure from Phase 1 will significantly shorten the timeline for the expansion [3]. Strategic Vision - The company aims to be a key player in the global solar industry while reducing its carbon footprint across the supply chain [4]. - TOYO is committed to becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain [5]. Production Readiness - Phase 1 of the solar cell manufacturing facility has been completed with a capacity of 2GW, and equipment installation, tests, and trial runs are currently underway [2]. - Formal production at the Phase 1 facility is scheduled to commence in early Q2 2025 [2].

Core Viewpoint - TOYO Co., Ltd is advancing its solar solutions business by establishing a significant manufacturing presence in Ethiopia, which aligns with the country's industrial and environmental goals [1][2][3]. Company Developments - TOYO is constructing a 2 GW solar cell manufacturing plant in Ethiopia's Industrial Park Development Corporation (IPDC) industrial park, set to begin production by the end of March 2025, contributing to local economic development and job creation [2]. - The company has received positive feedback from Ethiopian officials regarding the supportive business environment and commitment to renewable energy, which enhances TOYO's operational efficiency and sustainability goals [4]. Industry Collaboration - The recent meeting between TOYO and Ethiopian officials emphasized the potential for collaboration in building a robust solar supply chain, leveraging TOYO's expertise in solar cell manufacturing [3]. - The partnership is expected to foster an environmentally conscious business environment and support Ethiopia's industrial infrastructure development [4]. Strategic Positioning - TOYO aims to become a full-service solar solutions provider, integrating various stages of the solar power supply chain, which positions the company competitively in the global market [5]. - The access to abundant green power in Ethiopia is highlighted as a key factor for customers concerned with the carbon footprint of their solar equipment [4].

Core Viewpoint - TOYO Co., Ltd has announced that its warrants will begin trading on the OTCQB under the ticker symbol TOYWF starting February 24, 2025, marking a significant milestone for the company and enhancing liquidity for investors [1][2]. Company Overview - TOYO is a solar solutions company aiming to become a full-service provider in the global market, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [2]. Market Impact - The trading of TOYO's warrants on OTC Markets is expected to provide greater access and flexibility for shareholders and attract a broader base of investors interested in the company's growth trajectory [2].

Company Overview - TOYO Co., Ltd is a solar solution company focused on becoming a reliable full-service solar solutions provider in the global market, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [5] Upcoming Conferences - TOYO will participate in several industry and investment conferences in February and March 2025, showcasing its commitment to engaging with investors and industry stakeholders [1] - The CG Sustainability Virtual Summit will feature a fireside chat with Simon Shi on February 26, 2025 [2] - The Jefferies Power, Utilities and Clean Energy Conference will include 1x1 meetings with Simon Shi and Raymond Chung on March 5, 2025 [3] - The 37th Annual ROTH Conference will also host 1x1 meetings with Simon Shi on March 17 and 18, 2025 [4] - A fireside chat with Simon Shi is scheduled for the Jefferies Virtual Cleantech and Utility Equipment Conference on March 28, 2025 [5]

Core Insights - TOYO Co., Ltd is actively participating in key energy industry events in February and March 2025, highlighting its commitment to solar solutions [1][5] Event Participation - **Smart Energy Week** - Date: February 19-21, 2025 - Location: Tokyo Big Sight, Japan, Booth S31-40 - Focus: Networking and sharing expertise in various energy technologies including solar power, rechargeable batteries, and smart grids [2] - **InterSolar San Diego** - Date: February 25-27, 2025 - Location: San Diego Convention Center, Booth 1251 - Focus: Premier conference and trade show for solar, energy storage, and EV charging infrastructure [3] - **European Energy Supply Chain Summit** - Date: March 12, 2025, 12:40pm to 13:20pm - Location: Estrel Hotel Berlin - Focus: Discussion on critical challenges and opportunities in the energy transition, featuring industry leaders [4] Company Commitment - The CEO of TOYO emphasized the company's dedication to providing high-quality, affordable, and sustainable solar solutions, and fostering collaboration for a resilient energy future in Europe [5] Company Overview - TOYO is positioned as a full-service solar solutions provider, integrating various stages of the solar power supply chain, from upstream production of wafers to downstream photovoltaic modules [6]

Core Insights - TOYO Co., Ltd's subsidiary, Toyo Solar Company Limited, has achieved TÜV SÜD and CSA certifications, highlighting its commitment to quality, safety, and environmental sustainability in photovoltaic module production [1][3][4] Group 1: Certifications - TÜV SÜD certification indicates TOYO's adherence to international safety, quality, and performance standards [2] - CSA certification is crucial for accessing North American markets and ensures the safety of PV modules in diverse geographical conditions [3] Group 2: Company Strategy and Future Plans - The certifications are part of TOYO's preparation for a 2.5 GW solar module expansion in the U.S., reinforcing its reputation in the renewable energy sector [4] - TOYO aims to become a reliable integrated solar solutions provider, covering the entire solar power supply chain from upstream production of wafers to downstream photovoltaic modules [5]

Core Viewpoint - TOYO Co., Ltd has secured a $150 million contract to supply high-efficiency solar cells to a major solar module manufacturer, highlighting its commitment to sustainable energy and the transition to renewable resources [1][2]. Group 1: Contract Details - The agreement involves the delivery of advanced solar cells to support the customer's solar module production in India and the U.S. [2] - TOYO will utilize its manufacturing capabilities in Vietnam and Ethiopia to produce high-quality solar cells that improve the efficiency and performance of solar modules [2]. Group 2: Company Positioning - The CEO of TOYO, Mr. Junsei Ryu, emphasized that this contract positions TOYO as a key supplier in the solar energy market, aiming to help customers achieve their sustainability goals [3]. - The contract is expected to enhance TOYO's production capacity and strengthen its market position [3]. Group 3: Company Overview - TOYO is focused on becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [4]. - The company is well-positioned to produce high-quality solar cells at competitive scales and costs [4].