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Suntech Announces BIPV Supply Contract with Canadian Distributor

2006-12-06 20:06 2276


WUXI, China, Dec. 6 /Xinhua-PRNewswire/ -- Suntech Power Holdings

(NYSE: STP), one of the world’s leading manufacturers of photovoltaic (PV)

cells and modules, has announced that its subsidiary, MSK Corporation, has

reached an agreement with ARISE Technologies Corporation (TSX-V: APV), to

distribute the MSK Just Roof(TM) system in Canada. Just Roof, one of MSK’s

several unique Building Integrated Photovoltaic (BIPV) systems, functions as

a fully self-contained watertight roof structure, eliminating the need for

traditional roofing materials below the panels. The Just Roof product, which

can be seamlessly integrated into home design, is ideally suited for new

construction projects, but can just as easily be retrofitted to existing roof

tops.

“The Just Roof(TM) BIPV system offers individual homeowners a practical

means of integrating solar energy generation systems into a building’s

structure,” said Dr. Zhengrong Shi, Suntech’s chairman and CEO. “MSK’s

BIPV systems are already seeing substantial sales penetration in Japan where

they are even being offered as a standard feature by some of our home builder

customers. We look forward to encouraging the adoption of this exciting

solar technology in North America and Europe.”

Consumer demand for solar products in Canada is expected to be driven by

recent initiatives promoting the use of renewable energy. Under Ontario’s

Standard Offer Program, the Ontario government will pay approximately

$0.37/kWh for power generated by solar energy over a period of 20 years. To

promote this new policy, the Canadian government recently partnered with

ARISE and MSK to install North America’s first Just Roof(TM) system on a

demo home in Waterloo, Ontario.

Since MSK Just Roof(TM) was first introduced, more than 4,000 systems

have been installed in Japan. ARISE will begin marketing the MSK Just Roof

(TM) system early next year.

About ARISE

ARISE Technologies is dedicated to accelerating the use of solar energy

in mainstream North American markets. The Company’s shares are listed on

the TSX Venture Exchange under the symbol APV and on the Frankfurt Open

Market Exchange under the symbol A3T. Additional information is available at

http://www.arisetech.com and http://www.sedar.com .

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 the adoption of MSK’s Just RoofÔ BIPV system in

North America and Europe and the increasing consumer demand for solar

products in Canada as a result of recent initiatives promoting the use of

renewable energy 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.

Source: Suntech Power Holdings Co., Ltd.
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