ABU DHABI, United Arab Emirates and WUXI, China, Jan 21, 2010 /PRNewswire via COMTEX/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's
largest crystalline silicon photovoltaic (PV) module manufacturer, today
announced that its Founder, Chairman and Chief Executive Officer, Dr.
Zhengrong Shi, was honored as a finalist for the prestigious Zayed Future
Energy Prize at an awards ceremony in Abu Dhabi on January 19th. The annual
award recognizes extraordinary accomplishments that "reflect innovation,
long-term vision and leadership in renewable energy and sustainability."
"Under the steady guidance of Dr. Zhengrong Shi, Suntech has been driving
the expansion of solar power around the world," said Dr. Sultan Al Jaber,
Director General of the Zayed Future Energy Prize. "The Zayed Future Energy
Prize honors those who understand the importance of learning from the past,
the urgency of addressing the threats of the present and the vision to pave
the way to a sustainable future. The jury for the Zayed Future Energy Prize
recognized this in Dr. Zhengrong's achievements - but more importantly, they
were inspired by his accomplishments, his passion, and his vision for a future
where everyone has reliable access to nature's cleanest and most abundant
Dr. Shi received a prize of US$350,000 at the awards ceremony from His
Highness General Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Crown Prince
and Deputy Supreme Commander of the UAE Armed Forces. Dr. Shi has pledged to
donate the funds to the Shi Family Foundation, which will provide solar
systems for schools throughout the Middle East.
"It is a great honor to receive this award," commented Dr. Shi.
"Recognition also belongs to Suntech employees and partners around the world -
professionals who are passionate about solar energy and its power to change
the way we live. It also recognizes the leadership of governments, large and
small, who have created commercial environments that encourage long-term
investment in tomorrow's energy solutions, today."
Dr. Shi added, "Most importantly, this award sends a clear message to
encourage more scientists and engineers to use their technology to change the
world - and to find solutions for our energy future!"
After receiving a Ph.D. in electrical engineering from the University of
New South Wales in Australia, Dr. Zhengrong Shi founded Suntech in 2001 near
his hometown on the banks of the Yangtze River. Dr. Shi first constructed a
solar manufacturing facility with 10MW of solar capacity. In 2005, the company
listed on the New York Stock Exchange and has since emerged as one of the most
prominent international solar energy brands. Today, Suntech is the world's
leading crystalline silicon solar company having supplied solar systems to
over 1,400 customers in more than 80 countries around the world.
About Zayed Future Energy Prize
The Zayed Future Energy Prize was created in honour of the legacy of the
late Founding Father and President of the United Arab Emirates, His Highness
Sheikh Zayed bin Sultan Al Nahyan. The prize aims to inspire the next
generation of global energy innovators to create solutions for the future. The
Prize is awarded annually to individuals, companies or organisations that have
made significant contributions in the global response to the future of energy,
climate change and sustainable global energy resources.
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 offers an extensive range of customer-centric
innovations, including Suntech's patent-pending Pluto technology for
crystalline silicon solar cells, which improves power output by up to 12%
compared to conventional production methods, the Reliathon(TM), the industry's
first fully integrated utility-scale solar platform, and its broad range of
building-integrated solar products.
Suntech designs and delivers commercial and utility scale solar power
systems in China and the United States. 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.
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:
Investor Relations Director
Suntech Power Holdings, Co. Ltd.
Walker E. Frost
Marketing & Communications
Suntech Power Holdings, Co. Ltd.
SOURCE Suntech Power Holdings Co., Ltd.