Performance with Lower-grade and Poor Quality
Silicon Wafers Exceed Expectations
WUXI, China, Jan. 10 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co.,
Ltd. (NYSE: STP) one of the world's leading manufacturers of photovoltaic (PV)
cells and modules, today announced that the commercial adoption of its latest
18% ''semiconductor finger'' conversion efficiency technology is proceeding on
schedule starting in the fourth quarter of 2006 and that the performance of
this technology with respect to lower-grade and poor quality silicon wafers
has exceeded the company's expectations.
''We are very pleased with our semiconductor finger technology which has
increased the average conversion efficiencies of our best monocrystalline PV
cells to 18% -- well above the industry average of 14% to 15%. At the same
time, we have maintained the lowest cost production base relative to our
peers,'' said Dr. Zhengrong Shi, Suntech's chairman and CEO. ''I am very
pleased that our team has yet again proven that Suntech is the industry leader
in combining world class R&D advancements with high quality products while
maintaining the lowest cost per watt solution, bringing us one large step
closer to being the first solar manufacturer to reach grid parity.''
The company's semiconductor finger technology, which is co-developed and
owned together with the University of New South Wales in Australia, overcomes
the major limitation of the traditional screen printing process that is the
industry standard. Heavily doped semiconductor strips are built into the PV
cell surface which more efficiently collects the generated electrical charge
without requiring the surface dead layer found in conventional screen printed
cells. This technology also potentially enables the company to reduce the
number of traditional lines of metal contact strips on the top surface of the
PV cell thereby reducing shading from the sun to enable the PV cell to
generate even greater watts of electricity.
''Perhaps the most exciting part about this new technology is that it has
worked particularly well with the lower-grade and poor quality silicon wafers
for which we have seen increases in conversion efficiency of upwards of 17%,''
continued Dr. Shi. ''This will give Suntech the added benefit of being able
to process lower cost silicon wafers at higher conversion efficiencies than
peer companies that would likely otherwise treat such wafers as returns or
''The tangible benefit of these improvements is that Suntech's PV cells
and modules will generate higher watts of electricity, enabling Suntech to
achieve higher incremental revenue with marginal incremental cost,'' noted Dr.
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the
world as measured by both production output and capacity of solar cells and
modules. 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 majority-owned subsidiary, MSK Corporation is one of
Japan's largest PV manufacturers and one of the top-ranked companies in the
building-integrated photovoltaics (BIPV) space. Suntech's customers are
located in various markets worldwide, including key markets throughout Europe,
Japan, China and the United States. 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. Among other things, Suntech's expectations with respect to the
technological improvements with respect to its PV cell and module products
highlighted above contain forward-looking statements. 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:
VP of Business Development
Suntech Power Holdings Co., Ltd.
Ogilvy Public Relations Worldwide
SOURCE Suntech Power Holdings Co., Ltd.
/CONTACT: Steven Chan, VP of Business Development of Suntech Power
Holdings Co., Ltd., +86-510-8531-8910, or firstname.lastname@example.org; or Rory
Macpherson, Senior Associate of Ogilvy Public Relations Worldwide,
+86-10-8520-6553, or email@example.com /
/Web Site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.
IN: OIL UTI
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6303 01/10/2007 08:00 EST http://www.prnewswire.com