WUXI, China, Nov. 2 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co.,
Ltd. (NYSE: STP), one of the world’s leading manufacturers of photovoltaic
(PV) cells and modules, has announced a new collaborative research agreement
with the Centre of Excellence for Advanced Silicon Photovoltaics and
Photonics at the University of New South Wales, Australia (UNSW). The
agreement, which includes a $1.2 million contribution to UNSW, marks the
continuation of a long and productive collaboration between the two
institutions.
“Suntech’s research relationship with the University of New South Wales
strives to make solar power an even more attractive clean solution to the
world’s energy needs,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO.
“Through our unique collaboration, UNSW students and staff are involved in
the complete technology development process, and we are able to transfer new
solar technologies to commercial production in a relatively short time.” Dr.
Shi, who received his PhD degree from UNSW in 1992, is a specialist in
crystalline silicon solar cell technology and holds 10 patents in the field.
Suntech’s contribution will fund the research and development of
technology that increases the conversion efficiency of solar cells and
decreases solar energy’s cost per watt. Suntech and UNSW have already co-
developed an advanced screen-printing technology based on the use of
semiconductor fingers that enables the production of solar cells with up to
18% solar conversion efficiency. The Company has successfully conducted pilot
production using this technology and will begin large scale production by the
end of this year.
Suntech and UNSW are currently developing technology that can produce
cells with 20% solar conversion efficiency with pilot production planned to
begin in 2007. Stuart Wenham, Suntech’s Chief Technology Officer and
Scientia Professor and Director of the Centre of Excellence for Advanced
Silicon Photovoltaics and Photonics at UNSW, will lead the research
collaboration.
UNSW is the world record holder in silicon solar cell efficiency and a
recognized leader in developing crystalline silicon solar cell technology.
In addition to this most recent agreement, Suntech also provides funding for
a number of UNSW undergraduate and postgraduate scholarships for training in
the area of photovoltaic engineering.
About Suntech
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 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 their research
collaboration with UNSW 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 China:
Steven Chan
VP of Business Development
Suntech Power Holdings Co., Ltd.
Tel: +86-510-8531-8910
Email: ir@suntech-power.com
Rory Macpherson
Senior Associate
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6553
Email: rory.macpherson@ogilvy.com
In the United States:
Thomas Smith
Senior Vice President
Ogilvy Public Relations Worldwide
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com