WUXI, China, Jan. 24 /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 it has entered into an agreement to
supply an 800KW Building Integrated Photovoltaic (BIPV) curtain wall to the
Wuxi Airport terminal with the first phase scheduled to be completed in late
''This project demonstrates the traction that Suntech's China-based
systems integration business is achieving by upselling state-of-the-art BIPV
solar solutions and helping to promote the use of alternative energy sources
in China,'' said Dr. Zhengrong Shi, Suntech's Chairman and CEO. ''We look
forward to working with the government of Wuxi to build one of China's most
environmentally friendly airports.''
These BIPV systems replace traditional building materials with energy
generating solar panels. MSK Corporation, Suntech's recently acquired
subsidiary has been developing and marketing this technology in Japan and has
seen substantial sales penetration there as well as increasing sales traction
in key geographies outside of Japan.
''This showcase project also shows that our purchase of MSK Corporation
with its leading edge BIPV products is already paying off and we believe that
with increased government attention to clean energy sources, the Chinese
market for BIPV has fairly significant potential,'' continued Dr. Shi. ''With
our lowest cost per watt solar solutions and technical expertise, Suntech is
ideally positioned to make gains in this market.''
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
increased cooperation with governments and other organizations 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, for STP /
/Web Site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.
IN: AIR OIL UTI
SU: LIC ASI
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3395 01/24/2007 08:00 EST http://www.prnewswire.com