NEW YORK and WUXI, China, July 21 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest crystalline silicon photovoltaic (PV) module manufacturer, today announced that its Chairman and Chief Executive Officer, Dr. Zhengrong Shi, has received the 2009 World Technology Award for Energy for his innovative work to develop solar technology and promote the adoption of solar energy.
The award was presented by the World Technology Network (WTN) at The World Technology Summit and Awards gala held on July 16, 2009 in New York City. The WTN brings thought leaders from more than 60 countries together to examine the likely implications and possible applications of emerging technologies of all types including new energy sources.
James P. Clark, Chairman of the WTN, said, "We are pleased to present this year's WTN Award for Energy to Dr. Zhengrong Shi of Suntech for his outstanding achievements in the field of photovoltaics and leadership in the world's quest for energy sustainability. We believe that his work both as a scientist and an entrepreneur will produce long-lasting environmental benefits for generations to come."
Dr. Shi remarked, "I am very pleased to receive this prestigious distinction from the World Technology Network. It has been a privilege to contribute to the transition of solar technology from the lab to commercial reality. Governments worldwide increasingly realize the importance of investing in solar energy, and with further evolution of solar technology we have no doubt that it will become a critical element of global energy generation."
About WTN
The World Technology Network (WTN) is a global meeting ground, a virtual think tank, and an elite club whose members are all focused on the business and science of bringing important emerging technologies of all types (from biotech to new materials, from IT to new energy sources) into reality. The WTN's membership is comprised of approximately 1000 members from more than 60 countries, judged by their peers to be the most innovative in the technology world. http://www.wtn.net
About Suntech
Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of crystalline silicon 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 subsidiary Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with Renewable Ventures, a Fotowatio company. 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 ability of solar technology to become a critical element of global energy generation. 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:
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:
Kristen McNally
Executive Vice President
The Piacente Group, Inc. (Investor Relations Counsel, Suntech)
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com
