WUXI, China, Jan. 24 /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 entered into an agreement to supply an 800KW Building Integrated Photovoltaic (BIPV) curtain wall to the Wuxi Airport terminal with the first phase scheduled to be completed in late October 2007.
"This project demonstrates the traction that Suntech's China-based systems integration business is achieving by upselling state-of-the-art BIPV solar solutions and helping to promote the use of alternative energy sources in China," said Dr. Zhengrong Shi, Suntech's Chairman and CEO. "We look forward to working with the government of Wuxi to build one of China's most environmentally friendly airports."
These BIPV systems replace traditional building materials with energy generating solar panels. MSK Corporation, Suntech's recently acquired subsidiary has been developing and marketing this technology in Japan and has seen substantial sales penetration there as well as increasing sales traction in key geographies outside of Japan.
"This showcase project also shows that our purchase of MSK Corporation with its leading edge BIPV products is already paying off and we believe that with increased government attention to clean energy sources, the Chinese market for BIPV has fairly significant potential," continued Dr. Shi. "With our lowest cost per watt solar solutions and technical expertise, Suntech is ideally positioned to make gains in this market."
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 increased cooperation with governments and other organizations highlighted above 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 onForm 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
Rory Macpherson
Senior Associate
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6553
Email: rory.macpherson@ogilvy.com
