Suntech to Manufacture Modules for Lumeta's Line of Roof Integrated Solar
IRVINE, Calif. and SAN FRANCISCO, Calif., Sept. 25 /Xinhua-PRNewswire/ --
Lumeta, a leading provider of roof integrated solar energy products, and
Suntech America, the U.S. division of Suntech Power Holdings Corp. (NYSE: STP),
one of the world's leading manufacturers of photovoltaic (PV) cells and
modules, today announced that they have signed a letter of intent to
manufacture Lumeta's line of roof integrated photovoltaic products.
Under the terms of the alliance, Suntech will manufacture custom solar
modules that meet the unique specifications of Lumeta's patent-pending line of
roof integrated photovoltaics, including the landmark Solar S Tile and the
recently-unveiled Power-Ply 380, Lumeta's newest fully adhered solar product
for the low-slope rooftop market.
"The market for roof integrated solar power is poised for rapid growth,
across the U.S. and around the world," said Timothy M. Davey, CEO of Lumeta.
"Our new partnership with Suntech America validates the unique design
attributes we've built into the Lumeta line of solar products and positions us
to capture a sizable share of this market."
Davey added, "Suntech is a world-class solar manufacturer and a perfect
partner to help us launch the Lumeta line into new and existing markets for
Lumeta is a wholly owned subsidiary of DRI Companies, the parent company
of one of the largest roofing contractors in the U.S., with major commercial
and residential building customers. DRI management brings nearly three
decades of roofing expertise to the solar industry; its team of solar
engineers and roofing technicians has designed the Lumeta product line to
integrate seamlessly with most conventional roof systems. DRI formally
launched Lumeta and its first roof integrated solar product line, the Solar
S-Tile, at the Pacific Coast Builders Conference in May 2007.
Suntech America will provide custom manufactured modules for Lumeta
through its specialized building-integrated photovoltaics (BIPV) facility in
Wuxi, China. Suntech Power began producing solar modules in 2002 with 10
megawatts of capacity and has grown rapidly to a projected 480 megawatts of
production capacity by the end of this year. The company has recently begun a
major hiring and expansion initiative in North America as well as Europe in
order to better serve its customers in these regions.
"The Lumeta team's solid history and DRI Companies' strong presence in the
California and western U.S. roofing markets is an attractive proposition for
any solar manufacturing company," said Leonard May, Vice President of MSK BIPV
Business Development for Suntech America. "Rooftops are where the action is
today in the solar industry. Lumeta's designers have created a true, roof
integrated solution for solar power -- backed by one of the best roofing
companies in the business. Suntech America looks forward to working with
Lumeta and expanding its penetration in the US market."
Lumeta will be showcasing its line of solar modules, including the
PowerPly 380 and the Solar S Tile, at the Solar Power 2007 Conference in Long
Beach, CA, Sept. 24-27. Find Lumeta in booth number 344. Suntech will display
its full range of U.S. product offerings in Hall B, at booth number 364 of the
Long Beach Convention and Entertainment Center.
On the web:
About Lumeta, DRI Companies and DRI Energy
Lumeta's line of roof integrated solar products, including the Solar
S-Tile and Power-Ply 380, designed by professional roofing contractors and
solar system designers, optimizes solar system performance without
compromising roof system functionality. Through its subsidiaries -- DRI Energy,
DRI Commercial and DRI Residential -- DRI Companies offers fully integrated
roofing services, including turnkey, roof integrated solar installations for
both steep and low slope roofing systems using the latest in roof integrated
solar technology -- all from a single source.
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the
world as measured by both production output and capacity of solar cells and
modules. Suntech provides solar solutions for a green future. Suntech designs,
develops, manufactures, and markets a variety of high quality, cost effective
and environmentally friendly PV cells and modules for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech's majority-owned subsidiary, MSK Corporation is one of the
top-ranked companies in the building-integrated photovoltaics (BIPV) space.
Suntech's customers are located in various markets worldwide, including key
markets throughout Europe, North America, Japan and China. For more
information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power
Holdings Co., Ltd with responsibility for the distribution of Suntech products
in the Americas. For more information contact Roger Efird, tel: +1 (301) 774-
3430, or email: firstname.lastname@example.org.
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "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, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements.
Such statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the forward-looking
statements. Further information regarding these and other risks is included in
Suntech's filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F. Suntech does not undertake any obligation to
update any forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For more information, please contact:
For DRI Energy
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc.
SOURCE Suntech Power Holdings Corp.
/CONTACT: For DRI Energy - Matthew Lewis of Antenna Group, +1-415-977-1931,
email@example.com; For Suntech - In China: Rory Macpherson, Investor
Relations Manager of Suntech Power Holdings Co., Ltd., +86-510-8531-8922, or
firstname.lastname@example.org; or In the United States: Sanjay M. Hurry, Vice
President of The Piacente Group, Inc., +1-212-481-2050, or email@example.com/
/Web Site: http://www.suntech-power.com /
CO: Suntech Power Holdings Corp.
IN: CPR ENV OIL
SU: INO JVN
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6090 09/25/2007 08:30 EDT http://www.prnewswire.com