SYDNEY and WUXI, China, April 30 /PRNewswire-Asia/ -- Suntech Power
Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of
crystalline silicon photovoltaic (PV) modules, announced that Dr. Stuart
Wenham, Suntech's Chief Technology Officer, has won the top prize at the 2009
Inventor of the Year awards hosted by NewSouth Innovations (NSi), the
technology commercialization company of the University of NSW, Australia
Dr. Wenham who holds a dual position as the Director of the UNSW's ARC
Photovoltaic Centre of Excellence, is a world-leading solar cell inventor with
more than 25 years experience in solar research and development. He has
invented or co-invented eight suites of solar cell technologies, and was
instrumental in helping develop Suntech's breakthrough Pluto technology.
Suntech is currently utilizing the Pluto technology to produce PV cells on
commercial grade solar wafers with conversion efficiencies of approximately
19% on mono-crystalline PV cells and 17% on multi-crystalline PV cells -
around 12% above standard screen printed crystalline silicon solar cells.
"The standard of excellence among the finalists at these awards was first
class and I'm humbled to have been chosen top inventor," said Dr. Wenham.
"Through the course of my career I have witnessed solar progress from the lab
to field installations and now into a multi-billion dollar global industry.
The potential of solar to redefine energy generation is enormous and I have no
doubt that we will witness further breakthroughs that will facilitate even
greater adoption of solar."
Dr. Zhengrong Shi, Suntech's Chairman and CEO, said, "Stuart's
contribution to the solar industry has been exceptional and it is fitting that
he receive this award. Under his guidance, we have successfully commercialized
the high efficiency Pluto technology and plan to start shipments within the
next few months. This technology clearly demonstrates the strength of
Suntech's R&D capability and leadership position in crystalline silicon solar
The NSi Inventor of the Year awards reward innovative technologies of UNSW
researchers and students that benefit the community and the environment. This
is the first year of the awards, which carry a total prize pool of AUD$20,000.
One hundred and twenty leaders from business, media and research organisations
attended the 23 April awards event.
NewSouth Innovations Pty Limited (NSi) commercialises research and
technology developed by the University of New South Wales.
NSi is a company limited by shares, and is a wholly owned subsidiary and
controlled entity of UNSW. Formally Unisearch Limited, the organisation was
restructured in 2005 and NSi was formed with a business model clearly focused
on intellectual property (IP) commercialisation and technology transfer. A
Registered Research Agency, NSi is located within the Research Precinct on the
Kensington campus of UNSW.
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar
energy company as measured by production output of crystalline silicon
photovoltaic (PV) 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.
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
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 ability to produce PV cells with an average conversion
efficiency of close to 17% using multi-crystalline silicon wafers and close to
19% using mono-crystalline silicon wafers; Suntech's ability to ship Pluto
modules within the next few months. 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)
SOURCE Suntech Power Holdings Co., Ltd.
/CONTACT: For Nsi: Dan Gaffney, NewSouth Innovations at
firstname.lastname@example.org or +61-411-156-015; For Suntech: In China: Rory
Macpherson, Investor Relations Director, Suntech Power Holdings Co., Ltd. at
+86-21-6288-5574 or email@example.com; or in the United States: Sanjay M.
Hurry, Vice President, The Piacente Group, Inc. (Investor Relations Counsel,
Suntech) at +1-212-481-2050 or firstname.lastname@example.org/
/Web site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.; NewSouth Innovations Pty Limited
ST: Australia, China
IN: OIL ENV GRE
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3570 04/30/2009 08:00 EDT http://www.prnewswire.com