WUXI, China and LONG BEACH, Calif., Oct. 1 /Xinhua-PRNewswire/ --Suntech
Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers
of photovoltaic (PV) cells and modules, welcomed over 200 customers, partners
and industry colleagues to a celebration of Moon Festival Night on Tuesday,
September 25 at the Solar Power 2007 Conference and Expo in Long Beach,
California which is North America's largest solar energy event.
The Moon Festival, also known as the Mid-Autumn Festival, is a popular
Chinese celebration of abundance and togetherness, first celebrated over 3,000
years ago during China's Zhou Dynasty.
At the Moon Festival Night reception Dr. Zhengrong Shi, Suntech's Chairman
and CEO, spoke of the need to address global warming: "As pioneers in the
renewable energy industry, we have an obligation to confront the issues of
climate change and promote efficient and sustainable energy use. I believe
that solar power will become one important part of a solution to this mounting
problem."
During the three day Solar Power 2007 Conference and Expo the Company
noted extremely strong demand for Suntech's leading range of high performance
PV products in 2008 leading to both higher demand and firmer pricing than
originally anticipated. During 2007, Suntech's sales to the U.S. have grown
approximately five times from approximately 7MW of solar modules in 2006.
Roger Efird, President of Suntech America said, "Since first supplying to
the U.S. solar market in mid-2006, we have enjoyed tremendous support from our
customers and partners and we now believe that we are one of the top three
suppliers of solar modules to the U.S. In 2008 we intend to build on this
success and have more than enough order demand to continue our exponential
growth to achieve upwards of 100MW of sales in North America."
Len May, Suntech America's VP of Business Development for MSK BIPV
Products, also noted that there was growing interest in Suntech's portfolio of
BIPV including the recently launched Black Label module and semi-transparent
glass-on-glass solar products. Mr. May commented, "Customers are increasingly
aware of the benefits of integrating solar energy generating modules into the
building fabric. Our broad range of BIPV solutions gives them the flexibility
to do this in a variety of ways."
About Suntech
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, Japan, China and the United States. 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 about Suntech America's
product offerings please contact Roger Efird, tel: +1(301)774-3430 or email:
sales@suntechamerica.com.
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.
In particular, statements regarding projected sales in the U.S. in 2007 and
2008 and quotations from management in this announcement are forward-looking
statements. Forward-looking 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.
In China:
Rory Macpherson
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
Tel: +86-510-8531-8922
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
SOURCE Suntech Power Holdings Co., Ltd.
-0- 10/01/2007
/CONTACT: China, Rory Macpherson, Investor Relations Manager of Suntech
Power Holdings Co., Ltd., +86-510-8531-8922, rory@suntech-power.com; or United
States, Sanjay M. Hurry, Vice President of The Piacente Group, Inc.,
+1-212-481-2050, suntech@tpg-ir.com, for Suntech Power Holdings Co., Ltd./
/Web site: http://www.suntech-power.com /
(STP)
CO: Suntech Power Holdings Co., Ltd.; Solar Power 2007 Conference and Expo
ST: China, California
IN: OIL UTI CPR
SU: TDS
SS-AP
-- LNM100 --
9706 10/01/2007 08:00 EDT http://www.prnewswire.com
