TOYO Confirms U.S. Customs and Border Protection Release of Ethiopia-Produced Solar Cells

TOYO strengthened its U.S. import compliance program and is pursuing certification under CBP's CTPAT program.

Rhea-AI Summary

TOYO (Nasdaq: TOYO; OTC: TOYWF) announced that U.S. Customs and Border Protection released shipments of its Ethiopia-produced solar cells. The release followed a review of supply chain traceability documents, including polysilicon and wafer sourcing. TOYO strengthened its U.S. import compliance program supporting its Humble, Texas, manufacturing operations and is pursuing CTPAT certification under CBP's Customs Trade Partnership Against Terrorism program.

3 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointCBP released Ethiopia-produced solar cell shipments following review of TOYO's supply chain documentation.
• Minor pointStrengthened U.S. import compliance program supports TOYO's manufacturing operations in Humble, Texas.
• Minor point. Forward-looking: it has not happened yet and may not happen.CTPAT certification is being pursued under CBP's Customs Trade Partnership Against Terrorism program.

Negative

• None.

Historical Context

1 past event · Latest: Sep 28

1 event

1. Sep 28

   Business outlook

   24h Move

   -5.8%

   Outlook cited a pending CBP examination of solar-cell shipments; this announcement reports shipment release.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

customs trade partnership against terrorism, polysilicon

2 terms

customs trade partnership against terrorism regulatory

"The Company is pursuing certification under CBP's Customs Trade Partnership Against Terrorism"

A voluntary U.S. Customs and Border Protection (CBP) program that certifies importers, carriers, brokers, manufacturers and other supply‑chain partners who adopt prescribed security practices. Participants must document and implement supply‑chain security controls, undergo a CBP risk assessment and validation visit, and maintain those controls; in return they are recognized as “trusted” trade partners and may receive procedural benefits such as reduced inspections, priority processing, and faster response when resolving cargo issues.

polysilicon technical

"including polysilicon and wafer sourcing."

Polysilicon is a high-purity form of silicon used as the basic raw material to make solar panels and semiconductor components; think of it as the refined steel that carmakers use. It matters to investors because its availability, production cost and price affect the profitability and supply chains of large industries like solar power and electronics, so changes in polysilicon supply or cost can move company margins and stock valuations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TOKYO, Oct. 29, 2026 /PRNewswire/ -- TOYO Co., Ltd. (Nasdaq: TOYO) (OTC: TOYWF) ("TOYO" or the "Company"), a solar manufacturing company, today announced that U.S. Customs and Border Protection ("CBP") has released shipments of solar cells produced at the Company's facility in Ethiopia, following CBP's review of the supply chain documentation TOYO submitted.

As part of the review, TOYO provided CBP with full traceability documentation for its supply chain, including polysilicon and wafer sourcing. TOYO cooperated fully with CBP throughout the process and thanks the agency for its thorough and professional review.

TOYO has also strengthened its U.S. import compliance program, which supports the Company's U.S. manufacturing operations at its facility in Humble, Texas. The Company is pursuing certification under CBP's Customs Trade Partnership Against Terrorism (CTPAT) program.

"We are grateful to CBP for its careful review," said Takahiko Onozuka, Chief Executive Officer of TOYO. "As a Japanese company building in America, we hold ourselves to the highest standards of transparency and compliance. Our customers need confidence in where their solar products come from, and we intend to lead by example by providing that confidence across our entire supply chain."

About TOYO Co., Ltd.

TOYO is a solar manufacturing company that is committed to becoming a vertically integrated solar manufacturer in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells and modules at a competitive scale and cost.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations for timing of future updates to its outlook. These forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks include, but are not limited to, the outcome and timing of the CBP examination, the CVD investigation activity, and the Section 232 program, changes in market conditions, regulatory requirements, the availability and price of the Company's shares, macroeconomic conditions, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Annual Report on Form 20-F. TOYO assumes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Contact Information

For TOYO Co., Ltd.
IR@toyo-solar.com

Crocker Coulson
Email: crocker.coulson@aumadvisors.com
Tel: (646) 652-7185

View original content:https://www.prnewswire.com/news-releases/toyo-confirms-us-customs-and-border-protection-release-of-ethiopia-produced-solar-cells-302923638.html

SOURCE TOYO Co., Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Has U.S. Customs released TOYO's Ethiopia-produced solar cells?

CBP has released shipments of solar cells produced at TOYO's Ethiopia facility following review of supply chain documentation. TOYO supplied full traceability documentation, including polysilicon and wafer sourcing.