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
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.
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:
VP of Business Development
Suntech Power Holdings Co., Ltd.
In the United States:
The Piacente Group, Inc.
Ogilvy Public Relations Worldwide