--Enphase Energy Products Offer Suntech Authorized Dealers Another Competitive AdvantageSAN FRANCISCO and PETALUMA, Calif., March 2, 2009 /PRNewswire-Asia via COMTEX/ -- Suntech
Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of
photovoltaic (PV) modules announced that it will offer the Enphase
Micro-inverter to its rapidly growing network of U.S. Authorized Dealers as
part of its commitment to bringing cutting edge technology to customers.
"Enphase Energy has come out with some very impressive inverter technology
that will change the way solar is installed. We want to help our Authorized
Dealers stay ahead of the curve, which is why we decided to make this
available to our customers," said Roger Efird, President, Suntech America, Inc.
In comparison to centralized inverters, Enphase Micro-inverters bolt
directly to the solar system racking, reducing installation time and cost.
Increased versatility in system size and module positioning enables Suntech
Authorized Dealers to capture new business and speed up the installation
process. Enphase's Enlighten(TM) monitoring and analysis system also gives
unprecedented insight into the performance of a homeowner's solar system.
''Suntech delivers a top-quality solar module to its Authorized Dealers
and their customers. Enphase is committed to partnering with leading solar
technologies and as such we are excited to be a part of the offering Suntech
is making to its authorized installers,'' said Paul Nahi, Chief Executive
Officer of Enphase Energy.
As its Authorized Dealer network grows in the United States, Suntech's
goal of making solar more affordable and accessible to a broader spectrum of
customers is becoming a reality. Suntech is dedicated to the adoption of
advanced technologies that target to help solar become a mainstream form of
energy in the United States and across the world.
Suntech will stock Enphase Micro-inverters alongside Suntech modules in
its US warehouses to ensure streamlined ordering for Suntech Authorized
Dealers. Initially Suntech has ordered approximately 1 MW of Enphase
Enphase Energy provides solar energy management systems for residential
and commercial markets. The company offers a networked system, which includes
high-efficiency micro-inverters, communications and web-based analytics. The
systems increase energy harvest, increase system reliability, and simplify
design, installation and management. Founded in 2006 and based in Northern
California, the company is led by veterans from the solar and high tech
industries and backed by industry leaders. For more information, please visit
http://www.enphaseenergy.com or call (707) 763-4784.
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
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 the United
States 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
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 include the ability of Enphase inverters to change the way solar is
installed, allow Suntech Authorized dealers to capture new business and speed
up the installation process, the ability of Suntech to make solar more
affordable and help solar become a mainstream form of energy in the United
States and across the world. 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:
Investor Relations Director
Suntech Power Holdings, Co. Ltd.
In the United States:
Sanjay M. Hurry
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
Director of Marketing
Enphase Energy, Inc.
Tel: +1-707-763-4784 x7036
SOURCE Suntech Power Holdings Co., Ltd.