Leading Safety Certification Helps Increase Access to U.S. Solar Power Market
WUXI, China, May 1 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells, announced today that it has received Underwriters Laboratories Inc. (UL) certification for a wide range of Suntech PV modules.
''The UL certification recognizes that Suntech's solar energy products are top quality, and is a milestone in our international sales development that will help us increase our access to the U.S. market, one of the world's biggest markets for solar power,'' said Dr. Zhengrong Shi, Suntech's chairman and CEO.
The certificate received from UL, an independent, not-for-profit product-safety testing and certification organization in the U.S., certifies that product samples have been tested to nationally recognized U.S. Safety Standards and found to be free from reasonably foreseeable risk of fire, electric shock and related hazards. The UL certified Suntech PV modules consist of 16 models including the STP150-24/Ab-1 through to STP185-24/Ab-1, and the STP150S-24/Ab-1 through to STP185S-24/Ab-1. Aside from the new UL certification, Suntech has already attained quality certificates including ISO 9001:2000, TuV and CE certificates and met international test standards including IEC61215: 1993.
''Our high-quality PV products have been extremely well received in other international markets including Germany, Spain, Italy and Austria, and we are looking forward to expanding our sales into the U.S.,'' continued Dr. Shi. ''With rising oil prices and the recently approved California Solar Initiative, we believe our products will be well received in the rapidly growing U.S. solar energy market as well.''
The 10-year, $2.9 billion California Solar Initiative, approved on January 12, 2006, aims to increase the amount of installed solar capacity on rooftops in the state by 3,000 megawatts by 2017.
About Suntech Power
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world as measured by production output of PV cells in 2005. 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 customers are located in various markets worldwide, including Germany, Spain, China and the United States. For more information, please visit http://www.suntech-power.com .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the ''safe harbor'' provisions of 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 others, statements regarding Suntech Power's plans to expand its sales of products into the U.S. market are forward-looking statements. Statements that are not historical facts, including statements about Suntech's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the company's ability to sell its products in the United States, expectations regarding the worldwide demand for electricity and the market for solar energy; the company's beliefs regarding the effects of environmental regulation, the lack of infrastructure reliability and long-term fossil fuel supply constraints; the importance of environmentally friendly power generation; expectations regarding governmental support for the deployment of solar energy; expectations regarding the scaling of the company's manufacturing capacity; expectations with respect to the company's ability to secure raw materials in the future; future business development, results of operations and financial condition; and competition from other manufacturers of PV products and conventional energy suppliers. Further information regarding these and other risks is included in Suntech's registration statement on Form F-1, as amended, filed with the U.S. Securities and Exchange Commission. Suntech does not undertake any obligation to update any forward-looking statement, except as required under applicable law.