SAN FRANCISCO and RIALTO, Calif., Feb. 24 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world’s largest photovoltaic (PV) module manufacturer, and Eagle Roofing Products are pleased to announce that they have entered into an exclusive distribution agreement for North America.
Eagle will distribute SolarBlend(TM) roof tiles to its extensive network of roofing, solar, and electrical contractors as part of its popular Eagle Solar Roof -- a roofing system that combines the aesthetics and performance of concrete tile with the functional beauty of solar. The SolarBlend(TM) roof tiles will be approximately four feet wide, 50-watt panels, with grey, terra cotta and brown frames. Expected availability of the 50-watt panels is spring of 2009. Eagle anticipates having these water-resistant solar roof systems featuring SolarBlend(TM) on over 1,000 homes across the country and will continue to train contractors on how to sell and properly install these systems.
“Eagle is proud to offer SolarBlend(TM) from Suntech to our customers and to work with a company whose name means innovative solar,” said Jay Banister, Eagle’s national solar and marketing manager. “Suntech is recognized as the global leader in solar module production and Eagle is dedicated to bringing this clean, efficient energy resource to the roofs of residential and commercial customers throughout North America.” Suntech recently licensed technology for integrated solar modules, including SolarBlend(TM) from Applied Solar, Inc.
Eagle also offers onsite technical support, paperwork processing of state rebates, financing and full permit package submittals including electrical line diagrams and roof layouts. This full suite of wrap-around services enables many non-traditional solar contractors to participate in selling and installing solar systems, greatly increasing the potential of quality solar system installations across the country.
In addition to SolarBlend(TM), Eagle will also carry Suntech’s Black Label(TM) STP 175S - 24/Ab-1 rack-mounted modules. These 175-watt modules will be offered with the same value-added, wrap-around services that are provided with the Eagle Solar Roof.
"We are excited to team with Eagle Roofing Products to offer an integrated solar electric solution,” said Leonard May, Suntech’s managing director of BIPV products. "By combining the core strengths of both companies, we are confident that we will consistently deliver innovative products to a wide audience of contractors and their customers across the U.S., Canada and Mexico."
Eagle concrete tile is a Class A fire rated, durable, low life-cycle cost roofing material that is protected by a Lifetime, Transferable Limited Product Warranty. As part of its Eagle Green program, Eagle also offers Cool Roof Rating Council and ENERGY STAR approved Cool Roof Tile and the Energy Saving Roof -- both of which will complement and improve the performance of an Eagle Solar Roof.
For additional information on Suntech Power Holdings Co., Ltd, please visit http://www.suntech-power.com .
For additional information on Eagle Roofing Products, the Eagle Solar Roof and the Eagle Green program, contact Melissa Pellerito, Eagle’s marketing communications manager, at (909) 355-7000 or visit
http://www.eagleroofing.com .
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 and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. 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 .
About Eagle Roofing Products
Eagle Roofing Products, a division of Burlingame Industries, was founded in 1989 with the goal of manufacturing quality concrete roof tile in modern, automated and high-speed plants. From the beginning, Eagle Roofing Products has prided itself on building strong relationships with customers of all sizes by listening and responding to their requests. Eagle Roofing Products is continually expanding its production capacity and its market coverage in order to offer its superior products nationwide. Having earned AAA rating by the Better Business Bureau, Eagle maintains strong sales and customer service support at the local as well as national level. Eagle is also committed to seeking out trend setting technologies and products that help the environment while helping our customers and their customers. Our green building products and green manufacturing process are a major focus of the company’s time and investments. For more information on Eagle Roofing Products, please visit http://www.eagleroofing.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 number of homes on which such panels will be installed. 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 Eagle Roofing Products -
Corporate & Media Contact:
Melissa Pellerito
Tel: +1-909-355-7000
Email: melissap@eagleroofing.com
For Suntech -
In China:
Rory Macpherson
Investor Relations Director
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
