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Meldungen 07.12.2006

7.12.2006: Meldung: Suntech Announces Supply Contract with ARISE

Suntech Power Holdings, one of the world"s leading manufacturers of photovoltaic (PV) cells and modules, has announced that its subsidiary, MSK Corporation, has reached an agreement with ARISE Technologies Corporation, to distribute the MSK Just Roof(TM) system in Canada. Just Roof, one of MSK"s several unique Building Integrated Photovoltaic (BIPV) systems, functions as a fully self-contained watertight roof structure, eliminating the need for traditional roofing materials below the panels. The Just Roof product, which can be seamlessly integrated into home design, is ideally suited for new construction projects, but can just as easily be retrofitted to existing roof tops.

""The Just Roof(TM) BIPV system offers individual homeowners a practical means of integrating solar energy generation systems into a building"s structure,"" said Dr. Zhengrong Shi, Suntech"s chairman and CEO. ""MSK"s BIPV systems are already seeing substantial sales penetration in Japan where they are even being offered as a standard feature by some of our home builder customers. We look forward to encouraging the adoption of this exciting solar technology in North America and Europe.""

 

Consumer demand for solar products in Canada is expected to be driven by recent initiatives promoting the use of renewable energy. Under Ontario"s Standard Offer Program, the Ontario government will pay approximately $0.37/kWh for power generated by solar energy over a period of 20 years. To promote this new policy, the Canadian government recently partnered with ARISE and MSK to install North America"s first Just Roof(TM) system on a demo home in Waterloo, Ontario.

 

Since MSK Just Roof(TM) was first introduced, more than 4,000 systems have been installed in Japan. ARISE will begin marketing the MSK Just Roof(TM) system early next year.

 

About ARISE

 

ARISE Technologies is dedicated to accelerating the use of solar energy in mainstream North American markets. The Company"s shares are listed on the TSX Venture Exchange under the symbol APV and on the Frankfurt Open Market Exchange under the symbol A3T. Additional information is available atwww.arisetech.comandwww.sedar.com.

 

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 Japan"s largest PV manufacturers and 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 visitwww.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 expectations with respect to the adoption of MSK"s Just Roof BIPV system in North America and Europe and the increasing consumer demand for solar products in Canada as a result of recent initiatives promoting the use of renewable energy 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.

 

Contact:

 

Steven Chan

VP of Business Development

Suntech Power Holdings Co., Ltd.

Tel: +86-510-8531-8910

Email: ir@suntech-power.com

 

Rory Macpherson

Senior Associate

Ogilvy Public Relations Worldwide

Tel: +86-10-8520-6553

Email: rory.macpherson@ogilvy.com

 

Source: Suntech Power Holdings Co., Ltd.

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