House Care to be Authorized Distributor of Suntech Products in Japan Agreement to Distribute 30MW of Suntech Products in 2009 PR Newswire TOKYO and WUXI, China, Feb. 25 TOKYO and WUXI, China, Feb. 25 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of photovoltaic (PV) modules, today announced that it has established an agreement with House Care Co. Ltd, a subsidiary of West Holdings Group, under which House Care will become an authorized distributor of Suntech in Japan and distribute 30MW of Suntech solar products in 2009. ''House Care is one of Japan's leading providers of innovative roofing systems and we are delighted to establish a fruitful partnership with them to distribute Suntech modules in Japan,'' said Dr. Tadao Kasahara, President of MSK Corporation, a Suntech subsidiary. ''With targets to reach 4.8 gigawatts of installed solar capacity in 2010 and renewed support from Japan's Ministry of Economy, Trade and Industry, we are confident that the local solar market will grow strongly in 2009 and beyond. We intend to form long-term, mutually beneficial relationships with Japanese solar distributors and encourage the further adoption of solar technology in Japan.'' President of West Holdings Group, Mr. Takashi Kikkawa, said, ''Suntech's esteemed project history and reputation for producing the highest quality solar products was a key factor influencing our decision to choose Suntech. Through integrating solar systems and other environmentally friendly building products into Japanese buildings, we are committed to improving energy efficiency and sustainable living in Japan. Solar will play an important role in achieving this goal.'' Japan was one of the first countries to stimulate the growth of the solar industry through the introduction of solar subsidies in 1994. Since then it has incubated some of the world's most advanced solar technology and become home to the second largest amount of installed solar systems. Japan targets to more than double cumulative solar installations to reach 4.8 gigawatts of solar capacity in 2010. About House Care House Care Co. Ltd, a subsidiary of West Holdings Group, is a leading provider of innovative roofing solutions and environmentally friendly house renovation products such as solar systems, home insulation and energy efficient products in Japan. About Suntech Suntech Power Holdings Co., Ltd. (NYSE: STP) is the world's leading solar energy company as measured by production output of 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's patent-pending Pluto technology for crystalline silicon solar cells improves power output by up to 12% compared to conventional production methods. Suntech also offers one of the broadest ranges of building-integrated solar products under the MSK Solar Design Line(TM). Suntech designs and delivers commercial and utility scale solar power systems through its wholly owned subsidiaries Suntech Energy Solutions and Suntech Energy Engineering and will own and operate projects greater than 10 megawatts in the United States through Gemini Solar Development Company, a joint venture with MMA Renewable Ventures. With regional headquarters in China, Switzerland and the United States 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, and includes the expectation of the growth of the Japanese solar market in 2009 and beyond, the ability to enter into additional solar distributor arrangements in Japan, and House Care's ability to distribute 30MW of Suntech products in 2009. 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: At Suntech: In China: Rory Macpherson Investor Relations Director Suntech Power Holdings Co., Ltd. Tel: +86-21-6288-5574 Email: firstname.lastname@example.org In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: email@example.com SOURCE Suntech Power Holdings Co., Ltd. Website: http://www.suntech-power.com Contact: In China: Rory Macpherson, Investor Relations Director, Suntech Power Holdings Co., Ltd., +86-21-6288-5574, firstname.lastname@example.org; or In the United States: Sanjay M. Hurry, Vice President, The Piacente Group, Inc., +1- 212-481-2050, email@example.com
House Care to be Authorized Distributor of Suntech Products in
Press spacebar to pause and continue. Press esc to stop.