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 façades, custom modules, laminates and OEM products,” said Mr. May.
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 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:
Leonard May
Suntech America, Inc.
Tel: +1-301-473-4619
Email: lmay@suntechamerica.com
Outside of the United States:
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
