SAN FRANCISCO and RIALTO, Calif., Feb. 24 /PRNewswire-Asia/ -- Suntech
Power Holdings Co., Ltd. (NYSE: STP), the world's largest photovoltaic (PV)
module manufacturer, and Eagle Roofing Products are pleased to announce that
they have entered into an exclusive distribution agreement for North America.
Eagle will distribute SolarBlend(TM) roof tiles to its extensive network
of roofing, solar, and electrical contractors as part of its popular Eagle
Solar Roof -- a roofing system that combines the aesthetics and performance of
concrete tile with the functional beauty of solar. The SolarBlend(TM) roof
tiles will be approximately four feet wide, 50-watt panels, with grey, terra
cotta and brown frames. Expected availability of the 50-watt panels is spring
of 2009. Eagle anticipates having these water-resistant solar roof systems
featuring SolarBlend(TM) on over 1,000 homes across the country and will
continue to train contractors on how to sell and properly install these
systems.
"Eagle is proud to offer SolarBlend(TM) from Suntech to our customers and
to work with a company whose name means innovative solar," said Jay Banister,
Eagle's national solar and marketing manager. "Suntech is recognized as the
global leader in solar module production and Eagle is dedicated to bringing
this clean, efficient energy resource to the roofs of residential and
commercial customers throughout North America." Suntech recently licensed
technology for integrated solar modules, including SolarBlend(TM) from Applied
Solar, Inc.
Eagle also offers onsite technical support, paperwork processing of state
rebates, financing and full permit package submittals including electrical
line diagrams and roof layouts. This full suite of wrap-around services
enables many non-traditional solar contractors to participate in selling and
installing solar systems, greatly increasing the potential of quality solar
system installations across the country.
In addition to SolarBlend(TM), Eagle will also carry Suntech's Black
Label(TM) STP 175S - 24/Ab-1 rack-mounted modules. These 175-watt modules will
be offered with the same value-added, wrap-around services that are provided
with the Eagle Solar Roof.
"We are excited to team with Eagle Roofing Products to offer an integrated
solar electric solution," said Leonard May, Suntech's managing director of
BIPV products. "By combining the core strengths of both companies, we are
confident that we will consistently deliver innovative products to a wide
audience of contractors and their customers across the U.S., Canada and
Mexico."
Eagle concrete tile is a Class A fire rated, durable, low life-cycle cost
roofing material that is protected by a Lifetime, Transferable Limited Product
Warranty. As part of its Eagle Green program, Eagle also offers Cool Roof
Rating Council and ENERGY STAR approved Cool Roof Tile and the Energy Saving
Roof -- both of which will complement and improve the performance of an Eagle
Solar Roof.
For additional information on Suntech Power Holdings Co., Ltd, please
visit http://www.suntech-power.com .
For additional information on Eagle Roofing Products, the Eagle Solar Roof
and the Eagle Green program, contact Melissa Pellerito, Eagle's marketing
communications manager, at (909) 355-7000 or visit
http://www.eagleroofing.com .
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of solar modules. Suntech
designs, develops, manufactures, and markets premium-quality, high-output,
cost-effective and environmentally friendly solar products for electric power
applications in the residential, commercial, industrial, and public utility
sectors. Suntech's patent-pending Pluto technology for crystalline silicon
solar cells improves power output by up to 12% compared to conventional
production methods.
Suntech also offers one of the broadest ranges of building-integrated
solar products under the MSK Solar Design Line(TM). Suntech designs and
delivers commercial and utility scale solar power systems through its wholly
owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and
will own and operate projects greater than 10 megawatts in the United States
through Gemini Solar Development Company, a joint venture with MMA Renewable
Ventures. With regional headquarters in China, Switzerland and San Francisco
and sales offices worldwide, Suntech is passionate about improving the
environment we live in and dedicated to developing advanced solar solutions
that enable sustainable development. For more information, please visit
http://www.suntech-power.com .
About Eagle Roofing Products
Eagle Roofing Products, a division of Burlingame Industries, was founded
in 1989 with the goal of manufacturing quality concrete roof tile in modern,
automated and high-speed plants. From the beginning, Eagle Roofing Products
has prided itself on building strong relationships with customers of all sizes
by listening and responding to their requests. Eagle Roofing Products is
continually expanding its production capacity and its market coverage in order
to offer its superior products nationwide. Having earned AAA rating by the
Better Business Bureau, Eagle maintains strong sales and customer service
support at the local as well as national level. Eagle is also committed to
seeking out trend setting technologies and products that help the environment
while helping our customers and their customers. Our green building products
and green manufacturing process are a major focus of the company's time and
investments. For more information on Eagle Roofing Products, please visit
http://www.eagleroofing.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 the expected availability of panels and the number of homes on
which such panels will be installed. 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 further information, please contact:
For Eagle Roofing Products -
Corporate & Media Contact:
Melissa Pellerito
Tel: +1-909-355-7000
Email: melissap@eagleroofing.com
For Suntech -
In China:
Rory Macpherson
Investor Relations Director
Tel: +86-21-6288-5574
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
