October 23, 2007
Suntech Opens U.S. Headquarters in San Francisco
SAN FRANCISCO, Oct. 23 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced the opening of its headquarters in San Francisco. San Francisco Mayor Mr. Gavin Newsom and Suntech's Chairman and CEO, Dr. Zhengrong Shi, officially opened the new headquarters office at a press conference held at 2.30pm Pacific Time on Monday, October 22, 2007 at the San Francisco City Hall.
''The establishment of Suntech's U.S. base in San Francisco reflects the growing importance of the solar industry in San Francisco and a long-standing commitment of the City to encourage investment in renewable energy,'' said Mayor Newsom.Dr. Zhengrong Shi, Suntech's Chairman and CEO, said: ''We are very pleased to locate our U.S. headquarters in San Francisco and thank Mayor Newsom and his team for their support. As we conducted our search for this site throughout the U.S., we were particularly impressed by the awareness of climate change issues, the quality and sophistication of the customers and partners and the high level of talent within the San Francisco Bay Area and California. In addition, we were very impressed with the progressiveness of various Bay Area city governments as demonstrated by San Francisco and Oakland with various public-private partnership initiatives to foster renewable energy. We hope to participate more meaningfully within the community in broader initiatives such as these.''
''We have already built a strong sales team across the U.S. that has expanded sales nearly sixfold between 2006 and this year,'' continued Dr. Shi. ''In direct response to customer and partner feedback, we have created a U.S. based team at this new headquarters to provide a diverse range of capabilities to both supplement our sales efforts and accelerate our U.S. business development initiatives. This expansion is also founded on our belief that the U.S. will become the largest solar market globally in coming years. In many ways, California has led that initiative having among the longest histories of PV system adoption and most recently demonstrated by the $3.3 billion California Solar Initiative.''
San Francisco is also the site of two of Suntech's key projects in the U.S. Together with its San Francisco-based partner Bass Electric, Suntech recently completed a 500kW solar system at the San Francisco International Airport's Terminal 3. In addition, Suntech collaborated with California-based Open Energy Corporation to provide a glass-on-glass building integrated PV (BIPV) solar system at the California Academy of Science which demonstrates growing traction for the company's BIPV products in the U.S. Suntech also has partnered with Bay Area company, Akeena Solar, Inc. to produce its patent- pending high performance solar panel systems.
The contact details for Suntech new U.S. headquarters are: 188 The Embarcadero, Suite 800 San Francisco, CA 94105 Tel: +1-415-882-9922 Fax: +1-415-882-9923 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 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, North America, Japan and China. For more information, please visit http://www.suntech-power.com/ .
Suntech America, Inc. is a wholly-owned subsidiary of Suntech Power Holdings Co., Ltd., with responsibility for the distribution of Suntech products in the Americas. For more information about Suntech America's product offerings please contact Tel: +1-415-882-9922, Fax: +1-415-882-9923 or email: [email protected]
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 Suntech's expectation of the growth of the U.S. solar market and Suntech's ability to accelerate business development initiatives. 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: In China: Rory Macpherson Investor Relations Manager Suntech Power Holdings Co., Ltd. Tel: +86-510-8531-8922 Email: [email protected] In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: [email protected]
Suntech Power Holdings Co., Ltd.
CONTACT: In China, Rory Macpherson, Investor Relations Manager, SuntechPower Holdings Co., Ltd., +86-510-8531-8922, or [email protected]; or inthe United States, Sanjay M. Hurry, Vice President of The Piacente Group, Inc.,+1-212-481-2050, or [email protected], for STP
Web Site: http://www.suntech-power.com/