Only Chinese Solar Company to Have Received Export Inspection Exemption
SAN FRANCISCO, Calif., Dec. 27 /Xinhua-PRNewswire/ -- Suntech Power
Holdings Co., Ltd. (NYSE: STP) one of the world's leading manufacturers of
photovoltaic (PV) cells and modules, today announced that Suntech has been
granted National Export Inspection Exemption by the General Administration of
Quality Supervision, Inspection and Quarantine (AQSIQ) of the People's
Republic of China. The export inspection exemption is China's highest honor
awarded to companies that demonstrate exceptional internal product quality
management and control. Suntech is the first Chinese solar company to receive
this national recognition.
Since Suntech made the initial application for the export inspection
exemption in January of 2006, numerous provincial and national quality
representatives have conducted extensive reviews of Suntech's quality
procedures which have led to ongoing quality process evolution and improvement.
On December 2, 2007 Suntech successfully passed the final product quality
control system inspection conducted by a team of specialists from the AQSIQ
and fulfilled all the requirements for the inspection exemption. AQSIQ will
continue to regularly inspect Suntech's quality procedures to ensure that this
high quality standard is maintained. In addition to the Chinese export
inspection exemption, Suntech has already received international product and
quality standard accreditation including IEC61215: 1993, ISO 9001:2000, UL,
TuV and CE.
"This national recognition reflects Suntech's steadfast commitment to
exemplary quality control and our determination to exceed local and
international quality standards," said Dr. Zhengrong Shi, Suntech's Chairman
and CEO. "With well over 90% of our solar cells and modules sold and installed
outside of China, in more than 15 countries world-wide, it is imperative that
we ensure a consistent and reliable solar product that can generate
electricity in a wide range of environments, applications and weather
conditions. Product quality is one of the fundamental building blocks of this
industry, and as Suntech progresses towards multi-gigawatt production, we will
continue to take steps to improve the performance, quality and durability of
our solar products and set benchmarks for the industry."
Suntech's Quality Control (QC) team consists of over 600 personnel. The QC
system incorporates a comprehensive set of controls including sample testing
of all materials procured, regular equipment maintenance, manufacturing
environment control, quality process ownership, quick response hot spot
identification and eradication, and product testing at all critical steps of
the manufacturing process. In addition, Suntech is currently exploring a
number of initiatives to further improve quality control including increased
production automation and adoption of advanced product tracking technologies.
Suntech offers industry leading product power output guarantees of 25 years.
Suntech has taken a leading role to improve product quality in the solar
industry through regular consultation with industry bodies and discussion with
peers that operate at all stages in the solar value chain. In December 2007
Suntech held the 2007 Chinese PV Industry International Competitiveness Forum
on behalf of the China Renewable Energy Association. The Forum brought
together a diverse group of Chinese and international solar professionals to
discuss Chinese PV companies' participation in the international solar
industry and collective initiatives to advance manufacturing techniques,
improve industry standards and support ongoing solar innovation.
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 .
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,
and includes comments about the Suntech's goals for improving product quality
and setting benchmarks for the solar industry. 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:
Contact in China:
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
Contact in the United States:
Sanjay M. Hurry
The Piacente Group, Inc.