WUXI, China, June 11, 2010 /PRNewswire via COMTEX/ --Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading producers of solar panels, today launched the Low Carbon Concept Museum at Suntech Headquarters. Al Gore, Chairman of the Alliance for Climate Protection, former Vice President of the United States, and a world-renowned environmental advocate, was on hand to commemorate the event.
"I am honored to be here with my friend, Dr. Shi, for the launch of the Low Carbon Concept Museum," said Al Gore following the launch ceremony. "The climate crisis can be solved but only with the rapid deployment of technologies in China, the United States and around the world that reduce the pollution that causes global warming."
The Suntech Low Carbon Concept Museum provides an educational introduction to our world's energy and environmental challenges, particularly climate change. Examining the age-old relationship between energy and human civilization, from the creation of fire to the development of solar technology, the interactive exhibition serves as an open platform for the local community and school children to learn about the impacts of carbon-based energy production on our planet. Underneath the world's largest solar facade, comprised of more than 2,600 semi-transparent Light Thru(TM) solar panels, the sunlit lobby of Suntech Headquarters presents an ideal venue for exploring the world's energy and environmental future.
"We are inspired by Al Gore's continued leadership in driving global awareness about the costs and dangers of fossil fuel energy production - most importantly, climate change," said Dr. Zhengrong Shi, Suntech's Founder, Chairman and CEO, in a speech at the launch event. "Suntech stands in solidarity with all those working around the world to create a green future for our children. That process begins with education."
Suntech is committed to promoting global energy and environmental education to foster the next generation of social leaders and solar scientists. Over the last year, Suntech donated 200 sets of solar testing and engineering equipment for schools across China; provided a basic education scholarship fund and solar systems for three remote schools in Tibet; donated a 3kW solar system to a rural school in Morogoro, Tanzania; and subsidized a 10kW system at McNeil High School in Austin, Texas. In addition, Dr. Shi announced at the event that Shi's Family Charitable Foundation will donate solar panels to power eighteen remote schools in Lebanon in cooperation with the United Nations Development Programme (UNDP).
Mr. Gore's participation in the launch at Suntech Headquarters highlights the global nature of contemporary energy and environmental challenges as well as the global nature of the solar industry. Suntech works with material and silicon suppliers - who similarly operate global supply and distribution networks - as well as downstream partners in dozens of countries around the world. In addition, Suntech maintains manufacturing, production and/or R&D operations in China, Japan, Germany, Australia and the U.S., with its new module production facility in Goodyear, Arizona, scheduled to come online later this year.
"Humanity faces a global threat that demands global solutions. Although we must not underestimate the severity of this crisis, or the work that lies ahead, there is reason for optimism," added Dr. Zhengrong Shi. "With our partners around the world, we are providing everyone with reliable access to nature's cleanest and most abundant energy source."
About Suntech Power
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 10,000,000 photovoltaic panels to thousands of customers in more than eighty countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Our mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.
For more information about our people and products 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, and includes the donation of solar panels to schools in Lebanon, the amount of energy generated by donated/subsidized solar panels, and the ability of technologies to solve the climate crisis. 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.
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Investor Relations Director
Suntech Power Holdings Co., Ltd.
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