Sales Offices Strengthen Suntech's European Network
and Broaden Ability to Serve Local Customer Base
SAN FRANCISCO, Calif., Feb. 19 /Xinhua-PRNewswire/ -- Suntech Power
Holdings Co., Ltd. (NYSE: STP) one of the world's leading manufacturers of
photovoltaic (PV) cells and modules, today announced the opening of sales
offices in Germany and Spain to strengthen Suntech's European sales network
and broaden local customer service capabilities.
''We are very pleased to expand our sales and customer service
capabilities in Europe with the opening of these two offices in Germany and
Spain. Our on the ground presence will help us to manage the exceptional
demand for Suntech solar products that we are seeing in both Germany and Spain
in 2008,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO. ''Establishing
regional sales centers and localizing our sales staff is central to our
commitment to deliver exceptional customer service and we are confident it
will enable us to forge stronger customer relationships and improve our
ability to respond to customer needs.''
''Due to our significant installation base and collaboration on the
development of landmark PV projects across Europe, Suntech is well known for
delivering high quality PV products and we have established a healthy market
share. In fact, we believe that Suntech is already the largest PV module
supplier to Spain and the second largest supplier to Germany,'' continued Dr.
Shi. ''We are determined to expand our market share, and have already
developed a strong pipeline in both countries in 2008. We are confident that
an expanded local presence in Germany and Spain will generate even greater
recognition of Suntech's brand and product quality in the coming years.''
Jerry Stokes, President of Suntech Europe, noted that Suntech plans to
continue to open offices in Europe to further strengthen Suntech's sales
network and distribution channels. Mr. Stokes said, ''These two new offices
will complement our existing European headquarters in London providing greater
geographic coverage and access for our customers. Over the next 12 months we
will continue to extend our European network with offices in Italy, Greece and
Switzerland giving us a network of local support in key European solar markets
and financial centers. We believe this will increase our agility and ability
to respond to new markets, enhance our local relationships and help build our
The contact details for Suntech's new office in Germany are:
Landsberger Strasse 155,
80687 Munchen, Germany
The contact details for Suntech's new office in Spain are:
Avenida Ramon y Cajal 36,
28002 Madrid, Spain
Suntech Power Holdings Co., Ltd. is a world leading solar energy company
as measured by both production output and capacity of solar cells and modules.
Suntech is passionate about improving the environment we live in and dedicated
to developing advanced solar solutions that enable sustainable development.
Suntech designs, develops, manufactures, and markets a variety of high quality,
cost effective and environmentally friendly solar products for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech offers one of the broadest ranges of building integrated
photovoltaic (BIPV) products under the MSK brand. Suntech has sales offices
worldwide and is a market share leader in key global solar markets. 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 Suntech's belief that it is the largest supplier in Spain and
second largest supplier in Germany, Suntech's pipeline in Spain and Germany in
2008, Suntech's plans to develop new offices in Italy, Greece and Switzerland
and Suntech's expectation that the new sales offices will increase Suntech's
agility and ability to respond to new markets, enhance local relationships and
help build Suntech's market position. 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:
President, Suntech Europe
Suntech Power Holdings Co., Ltd.
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc.