WUXI, China and OLNEY, Maryland, Feb. 1 /Xinhua-PRNewswire/ -- Suntech
Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers
of photovoltaic (PV) cells and modules, announced that Suntech America, Inc.,
its wholly-owned subsidiary, will immediately begin marketing and selling
building-integrated photovoltaics (BIPV) solar products produced by its MSK
Corporation unit in the North American market.
"Suntech is one of the fastest growing players in the traditional solar PV
module market and, with our acquisition of MSK last year, we are now
positioned to take a leadership role in the emerging market for BIPV products
for which MSK commands a first mover advantage," commented Mr. Zhengrong Shi,
Chairman and CEO of Suntech Power. "Through Suntech America, we intend to
establish long-term relationships with North American companies that share our
vision of developing the BIPV market."
Mr. Leonard May has been named as Vice President of Business Development
of Suntech America and will be responsible for the BIPV market in the Americas.
With 12 years experience at Solarex which was later acquired by BP Solar, Mr.
May has a long track record of sales, distribution, marketing and executive
management within the PV solar space. "I look forward to working on pursuing
new sales channels and opportunities for the developing BIPV market. I will
be actively looking for business partners as we have significant capabilities
with the MSK BIPV line for standard residential roof PV, building fa?ades,
custom modules, laminates and OEM products," said Mr. May.
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 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 http://www.suntech-power.com .
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 Suntech America
and the BIPV initiatives 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:
In the United States:
Suntech America, Inc.
Outside of the United States:
VP of Business Development
Suntech Power Holdings Co., Ltd.
Ogilvy Public Relations Worldwide
SOURCE Suntech Power Holdings Co., Ltd.
/CONTACT: In the United States - Leonard May of Suntech America, Inc.,
+1-301-473-4619, or email@example.com; Outside of the United States -
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 Suntech /
/Web site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.; Suntech America, Inc.; MSK Corporation
ST: China, Maryland
IN: CHM CPR OIL SEM
SU: ASI PDT PER
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7527 02/01/2007 06:29 EST http://www.prnewswire.com