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.
