Suntech Announces Quick-install PV Modules
Zep Compatible(TM) brings greater efficiencies and lower costs to
industry-leading PV modules
CHICAGO, Oct. 21, 2013
CHICAGO, Oct. 21, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE:
STP), ("Suntech" or the "Company"), one of the world's largest solar
companies, today announced a quicker and more cost effective method, using Zep
Solar® technology, to install PV arrays for commercial and residential roof
applications. Suntech will showcase its new Zep Compatible^TM module at this
week's Solar Power International (SPI) Exhibition, booth #243.
Zep Solar mounting and grounding products are purposefully engineered to
improve PV installations. Their patent-protected hardware systems, now an
important industry standard, have proven to optimize material usage and labor
as well as to increase function and aesthetics. At the heart of the system is
the Zep Groove^TM specification, which Suntech has designed into a line of its
state-of-the-art PV modules. This groove joins securely with Zep Solar
hardware components for fast and flawless installations.
"We're thrilled that Suntech has licensed Zep Solar technology to favorably
impact both pre-installation and on-site processes," says Mick McDaniel,
Managing Director of Suntech America. "Suntech has always emphasized R&D and
we genuinely value the innovative culture at Zep Solar. We look forward to our
partnership to advance solar take-up in the marketplace."
"Zep Solar is proud to partner with Suntech to expand the reach of our
installation platform," said Mike Miskovsky, CEO of Zep Solar. "We believe
that our patented technology and Suntech's strong global distribution will
help in our efforts to deploy our technology at mass scale."
Suntech is now taking orders on its Zep Compatible^TM PV modules. Delivery
will begin in the first quarter of 2014. These modules, rated at 255W/250W
(STP255-20/Wdz), will initially be available in North America.
About Zep Solar
Zep Solar, Inc. was founded in 2009 by PV industry veterans to advance the
proliferation of solar energy through well designed PV mounting and grounding
products. Zep Solar licenses its patented Zep Groove technology to a growing
list of top-tier PV module and power electronics manufacturers and
manufactures its own line of complementary mounting and grounding hardware –
offering the world's first comprehensive platform for PV system installation.
The Zep Compatible platform drastically reduces the cost and complexity of
designing, shipping, warehousing, and installing PV systems.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for
residential, commercial, industrial, and utility applications. With regional
operations in China, Switzerland, and the United States, and gigawatt-scale
manufacturing worldwide, Suntech has delivered more than 25,000,000
photovoltaic panels to over a thousand customers in more than 80 countries.
Suntech's pioneering R&D creates customer-centric innovations that are
designed to drive solar to grid parity against fossil fuels. Suntech's mission
is to provide everyone with reliable access to nature's cleanest and most
abundant energy source.
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 Zep Compatible product's ability to minimize material usage
and labor, and the availability of the Zep Compatible product. 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 media enquiries, please contact:
Ryan Scott Ulrich
Public Relations and Investor Relations
Ph: +86 510 8531 8654
SOURCE Suntech Power Holdings Co., Ltd.
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