Leading Safety Certification Helps Increase Access to U.S. Solar Power Market
WUXI, China, May 1 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV)
cells, announced today that it has received Underwriters Laboratories Inc. (UL)
certification for a wide range of Suntech PV modules.
''The UL certification recognizes that Suntech's solar energy products are
top quality, and is a milestone in our international sales development that
will help us increase our access to the U.S. market, one of the world's
biggest markets for solar power,'' said Dr. Zhengrong Shi, Suntech's chairman
and CEO.
The certificate received from UL, an independent, not-for-profit
product-safety testing and certification organization in the U.S., certifies
that product samples have been tested to nationally recognized U.S. Safety
Standards and found to be free from reasonably foreseeable risk of fire,
electric shock and related hazards. The UL certified Suntech PV modules
consist of 16 models including the STP150-24/Ab-1 through to STP185-24/Ab-1,
and the STP150S-24/Ab-1 through to STP185S-24/Ab-1. Aside from the new UL
certification, Suntech has already attained quality certificates including ISO
9001:2000, TuV and CE certificates and met international test standards
including IEC61215: 1993.
''Our high-quality PV products have been extremely well received in other
international markets including Germany, Spain, Italy and Austria, and we are
looking forward to expanding our sales into the U.S.,'' continued Dr. Shi.
''With rising oil prices and the recently approved California Solar Initiative,
we believe our products will be well received in the rapidly growing U.S.
solar energy market as well.''
The 10-year, $2.9 billion California Solar Initiative, approved on January
12, 2006, aims to increase the amount of installed solar capacity on rooftops
in the state by 3,000 megawatts by 2017.
About Suntech Power
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the
world as measured by production output of PV cells in 2005. 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
customers are located in various markets worldwide, including Germany, Spain,
China and the United States. For more information, please visit
http://www.suntech-power.com .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the ''safe harbor'' provisions of 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. Among others, statements regarding Suntech Power's plans to
expand its sales of products into the U.S. market are forward-looking
statements. Statements that are not historical facts, including statements
about Suntech's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not limited to the
following: the company's ability to sell its products in the United States,
expectations regarding the worldwide demand for electricity and the market for
solar energy; the company's beliefs regarding the effects of environmental
regulation, the lack of infrastructure reliability and long-term fossil fuel
supply constraints; the importance of environmentally friendly power
generation; expectations regarding governmental support for the deployment of
solar energy; expectations regarding the scaling of the company's
manufacturing capacity; expectations with respect to the company's ability to
secure raw materials in the future; future business development, results of
operations and financial condition; and competition from other manufacturers
of PV products and conventional energy suppliers. Further information
regarding these and other risks is included in Suntech's registration
statement on Form F-1, as amended, filed with the U.S. Securities and Exchange
Commission. Suntech does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
For more information, please contact:
China:
Cindy Shao
Suntech Power Holdings Ltd.
Tel: +86-10-8534-5000
Email: ir@suntech-power.com
Philip Lisio/Rory Macpherson
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6688
Email: rory.macpherson@ogilvy.com
United States:
Thomas Smith
Ogilvy Public Relations Worldwide
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
SOURCE Suntech Power Holdings Co., Ltd.
-0- 05/01/2006
/CONTACT: Cindy Shao of Suntech Power Holdings Ltd., +86-10-8534-5000, or
ir@suntech-power.com; or Philip Lisio or Rory Macpherson, +86-10-8520-6688, or
rory.macpherson@ogilvy.com, or Thomas Smith, +1-212-880-5269, or
thomas.smith@ogilvypr.com, all of Ogilvy Public Relations Worldwide for
Suntech /
/Web Site: http://www.suntech-power.com /
(STP)
CO: Suntech Power Holdings Co., Ltd.; Underwriters Laboratories Inc.
ST: China
IN: OIL UTI
SU: ASI AWD
CL
-- CNM006 --
9402 05/01/2006 08:00 EDT http://www.prnewswire.com
