Suntech America President Appointed to Board
WUXI, China and OLNEY, Md., April 19 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that it has joined the Solar Energy Industries Association (SEIA) and that Suntech America President Roger Efird has been appointed to the association's board of directors.
"We have always been committed to building awareness of the viability of solar energy and recognize that these initiatives extend to working broadly with various constituents such as the general public, academic institutions, governmental bodies and non-governmental organizations. We felt that joining SEIA was an important part of this broader initiative to work with our peers to collectively foster progressive and long lasting solar policies and support within the United States," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "We are looking forward to taking an active position on the SEIA board."
SEIA is the national trade association representing close to 500 companies in the US solar industry. The association is dedicated to focusing the collective strength of the industry on creating economic and political support to foster the growth of the solar industry. As government incentive programs have a large impact on all renewable energy industries, SEIA also works closely with policy makers to shape successful renewable portfolio standards and other key policies.
Dr. Shi also noted that the U.S. solar market, which is already one of Suntech's largest, is likely to grow rapidly as popular support for clean energy grows. "People and governments worldwide are beginning to recognize the need to look for energy alternatives, and the U.S. is no exception. We will continue to work with public and private organizations in the U.S. to raise the profile of renewable energy and provide cost effective solar solutions."
Suntech established Suntech America, a wholly owned subsidiary, in August 2006 with the goal of establishing Suntech as a major player in the western hemisphere's alternative energy markets.
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, 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 statements with regard to the U.S. solar market 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.
For more information, please contact:
Steven Chan
VP of Business Development
Suntech Power Holdings Co., Ltd.
Tel: +86-510-8531-8910
Email: ir@suntech-power.com
In the United States:
E.E. Wang
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: ir@suntech-power.com
In China:
Rory Macpherson
Consultant
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6553
Email: rory.macpherson@ogilvy.com
