"The strong demand for high-quality wafer products witnessed during the first quarter of 2010 continued through the second quarter as a result of ongoing tightness in the wafer supply chain," said Li Xianshou, ReneSola's chief executive officer. "Execution of our cost reduction strategies and the efforts we have made to develop and position our business have allowed us to capitalize on improved demand trends while becoming a leading low-cost solar product provider. By leveraging our leading wafer manufacturing platform and complementary OEM module production services and capitalizing on our strong customer relationships, we have benefited from a cost-competitive strategy to deliver record product shipments and increased profitability. We expect to see stable pricing in the coming months as demand has remained strong and is expected to continue in the second half of 2010."