Soleos Targets Up to 30MW Purchases from Suntech in 2009
BORNHEIM-SECHTEM, Germany and WUXI, China, April 15 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest manufacturer of crystalline silicon photovoltaic (PV) modules, and Soleos Solar GmbH ("Soleos"), a PV systems integrator that manufactures and distributes solar power installations, today announced that they have entered into agreements for Suntech to supply Soleos with at least 6MW of modules in the first half of 2009.
David Mabille, Soleos' CEO, remarked, "We are very pleased to extend our relationship with Suntech, who has a well-earned reputation for delivering highly efficient PV products. Given the growing demand for premium-quality modules in the European market in countries such as Germany, France, Italy and Belgium, we anticipate purchasing up to 30MW of solar panels from Suntech over the course of the year."
Soleos' strong reputation for integrating high performance solar systems across Europe is supported through long-term collaborations with key suppliers. Mr. Mabille continued, "It is essential for us to have a strong partner alongside us such as Suntech. This partnership ensures a long-term, steady source of high-quality PV products for our customers."
Jerry Stokes, Suntech's President of Suntech Europe, stated, "Solar project developers worldwide are increasingly placing a premium on consistency of quality and performance, two attributes synonymous with the Suntech brand. Soleos is a strong partner in Europe and we are delighted to expand our relationship with them."
About Soleos Solar
Soleos Solar GmbH is a PV-system integrator based in Bornheim-Sechtem Germany that manufactures and distributes solar power installations. The Company's system integrator experts pride themselves on up to 15 years of experience in the photovoltaic market, both in the field of grid-tied
PV-systems, starting from the low kWp to the large MWp range, and in the field of off-grid installations, such as pump installations, professional communication systems and applications in the field of leisure time (e.g. caravans). The Company is a competent wholesaler and system provider in the field of photovoltaics, and offers consultation and planning via a wide distribution network of retailers and solar installation experts.
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of solar modules. Suntech designs, develops, manufactures, and markets premium-quality, high-output, cost-effective and environmentally friendly solar products for electric power applications in the residential, commercial, industrial, and public utility sectors. Suntech's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods.
Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering. With regional headquarters in China, Switzerland and San Francisco and sales offices worldwide, Suntech is passionate about improving the environment we live in and dedicated to developing advanced solar solutions that enable sustainable development. 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, and includes the expected availability of panels and the anticipated volume of purchases for 2009. 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 further information please contact:
For Soleos Solar
Antje Nieber
Marketing/ Public Relations
Soleos Solar GmbH
Tel: +49-2227-9291-28
Email: nieber@soleos-solar.de
For Suntech
In China:
Rory Macpherson
Investor Relations Director
Suntech Power Holdings Co., Ltd.
Tel: +86-21-6288-5574
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
