TOYO 's Texas Manufacturing Facility Receives Top Quality Rating in Independent Factory Audit by Intertek CEA

An Intertek CEA audit gave TOYO’s Texas module plant a strong quality assessment as the company scales toward 2 GW of U.S. capacity.

Rhea-AI Summary

TOYO (TOYO, TOYWF) reported that its solar module manufacturing facility in Humble, Texas achieved a strong result in an independent factory audit conducted by Intertek CEA in August 2026.

The audit evaluated the facility across certifications, employee management, incoming material handling, production process controls, and finished product quality systems. The assessment covered systems and conditions at the time of the audit and does not constitute a product certification or a guarantee of future production quality. TOYO describes the Humble facility as a key part of its U.S. manufacturing platform as it scales toward a planned 2 GW of U.S. module capacity.

Market Context

9.85% was the 24-hour move after the Aug. 7 U.S. manufacturing policy announcement, which disclosed ...

Analysis

9.85% was the 24-hour move after the Aug. 7 U.S. manufacturing policy announcement, which disclosed TOYO's Houston module facility; the current audit addressed quality systems at that same Texas manufacturing platform.

Key Figures

Planned U.S. module capacity: 2 GW

Planned U.S. module capacity

2 GW

U.S. manufacturing platform

Historical Context

2 past events · Latest: Aug 07

2 events

1. Aug 07

   U.S. manufacturing policy

   24h Move

   +9.8%

   Company disclosed a 2GW Houston module facility and $357 million HJT investment.

2. Aug 19

   First-half earnings

   24h Move

   -24.2%

   Results reported expanded Houston-area module capacity toward 2GW alongside strong first-half performance.

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

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

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TOKYO, Sept. 21, 2026 /PRNewswire/ -- TOYO Co., Ltd. (Nasdaq: TOYO) (OTC: TOYWF) ("TOYO" or the "Company"), a solar manufacturing company, today announced that its module manufacturing facility in Humble, Texas achieved a strong result in a comprehensive, independent factory audit conducted by Intertek CEA in August 2026.

The audit, performed by Intertek CEA — a leading independent quality assurance and supply chain risk provider to the solar industry — evaluated TOYO's Texas facility across a broad range of criteria, including certifications, employee management, incoming material handling, production process controls, and finished product quality systems. The assessment covered the facility's systems and conditions at that time and does not constitute a product certification or a guarantee of future production quality.

"This independent assessment reflects the discipline our team has built into every stage of module production at our Texas facility, from incoming material handling through final packaging," said Takahiko Onozuka, Chairman and CEO of TOYO. "The facility's strong performance in this independent assessment reflects our commitment to quality as we scale U.S. manufacturing capacity."

TOYO's Humble, Texas facility is a key part of the Company's U.S. manufacturing platform, supporting its module production capacity as the Company continues to scale toward its planned 2 GW of U.S. module capacity.

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 includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to expectations regarding the build-out of TOYO's U.S. manufacturing platform, including a potential domestic cell plant, and the Company's broader U.S. supply chain strategy. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of TOYO's management and are not predictions of actual performance.

These statements involve risks, uncertainties, and other factors that may cause actual results, activity levels, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Except as may be required by law, TOYO does not undertake any duty to update these forward-looking statements.

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-s-texas-manufacturing-facility-receives-top-quality-rating-in-independent-factory-audit-by-intertek-cea-302884509.html

SOURCE TOYO Co., Ltd

FAQ

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

What did Intertek CEA evaluate at TOYO's Texas manufacturing facility?

Intertek CEA evaluated TOYO's Humble, Texas facility across certifications, employee management, incoming material handling, production process controls, and finished product quality systems.

Does the Intertek CEA assessment act as a product certification for TOYO's modules?

No. The assessment covered the facility's systems and conditions at the time of the audit and does not constitute a product certification or a guarantee of future production quality.

How does the Humble, Texas facility fit into TOYO's broader U.S. manufacturing plans?

TOYO describes the Humble, Texas facility as a key part of its U.S. manufacturing platform, supporting module production as the company continues to scale toward its planned 2 GW of U.S. module capacity.