New Module Complements Industry-Leading Portfolio of Building Integrated Solar Products
WUXI, China and LONG BEACH, Calif., Sept. 25 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the introduction and availability of a new all black solar module targeting the U.S. market for solar homes. Suntech's new MSK Black Label(TM) product will be unveiled on September 25 at the Solar Power 2007 Conference and Expo being held in Long Beach, CA and will be available for sale for delivery in 2008.
Suntech's MSK Black Label(TM) is a 170 watt solar module designed to be installed on the standard American home. Using dark colored components, the Black Label(TM) will blend into the existing roof and provide the high level of aesthetics that the typical U.S. homeowner expects.
"For the first time, U.S. homeowners will have the opportunity to purchase a powerful, aesthetically pleasing solution without paying a significant premium. Competitively, this is what sets our Black Label(TM) module apart from other offerings in the U.S. solar homes market," commented Len May, Suntech America's VP of Business Development for MSK BIPV Products.
"We are committed to being a long-term player in the PV market in North America, and this new product launch represents a strong step forward in Suntech's penetration of the rapidly growing U.S. solar homes market," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "Our Black Label(TM) module supplements our large and growing portfolio of high-efficiency solar modules with excellent build quality and proven performance in the field."
The Black Label(TM) module complements Suntech's industry leading range of MSK building integrated photovoltaic (BIPV) products that are designed for the residential and commercial building markets. With over 4,000 installations worldwide, Suntech's MSK Just Roof is a roof integrated PV system designed to form a complete roof, replacing tiles or other roof coverings. Based on amorphous silicon photovoltaic technology, Suntech's MSK Photovol Glass has a uniform, dark finish, similar to tinted glass, and is ideal for use in curtain walls, skylights, canopies, atria and all other vertical or sloped glazed surfaces. Suntech's MSK Light Thru Glass BIPV Glazing encapsulates cells between two sheets of glass with enough spacing to allow light to pass through. Light Thru is made to order, allowing designers flexibility in specifying the desired size, cell type, and cell spacing.
For additional information, visit the Suntech exhibit booth in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center from September 25-27.
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, North America, Japan and China. For more information, please visit http://www.suntech-power.com .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd., with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings, please visit Suntech's booth at the Solar Power 2007 Conference and Expo in Hall B, Booth 364 at the Long Beach Convention and Entertainment Center, or contact Len May, tel: +1 (301) 473-4619 or email: sales@suntechamerica.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. 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 China:
Rory Macpherson
Investor Relations Manager
Suntech Power Holdings Co., Ltd.
Tel: +86-510-8531-8922
Email: rory@suntech-power.com
In the United States:
Sanjay M. Hurry
Vice President
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: suntech@tpg-ir.com