7.12.2006: Meldung: Suntech Announces Supply Contract with ARISE
""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.
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 at http://www.arisetech.com and http://www.sedar.com .
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 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 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.
VP of Business Development
Suntech Power Holdings Co., Ltd.
Ogilvy Public Relations Worldwide
Source: Suntech Power Holdings Co., Ltd.