The frameless flat roof membrane will be marketed by Suntech under the SolarEze(TM) brand that highlights its ease of installation even over existing roofs with no structural reinforcement typically required. It is light weight yet provides a water proof, hail and wind resistant solar roof with no penetrations. It will be manufactured by Suntech meeting the highest quality standards. Suntech is currently evaluating distribution alternatives and evaluating sales channels in every region of the world.
"This strategic decision will allow us to focus on the core competencies
of our business -- our award-winning and innovative product and applications
design for next generation products. We chose to work with Suntech because
they have world class, high quality manufacturing and a worldwide sales
capability and distribution network. They also offer a solid foundation of
resources and customers. They provide unmatched scope, scale and global reach
in the growing solar industry," said
"Open Energy's product fits well within our line of solar roofing products
adding an excellent easy to install solar roof membrane that is ideal for
commercial flat roofs, said
About Open Energy
Open Energy Corporation is a next-generation solar energy company that
develops clean energy solutions, innovative solar products and energy
management applications. Open Energy's award-winning products include
proprietary, cost-competitive and attractive BIPV solar tiles, membranes and
asphalt/composition products. In addition, the EcoTouch(TM) Energy Management
System gives consumers control over their energy usage while saving money.
Open Energy's portfolio of products and services are coupled with innovative
financing to enable green Solar Communities to provide low-cost power with
little to no upfront cost to the consumer. Open Energy is headquartered in
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
Safe Harbor for Forward Looking Statements
Except for statements of historical fact, the information presented in
this filing constitutes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended. Such forward-
looking statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance, achievements or
financial condition of the Company to be materially different from any future
results, performance, achievements or financial condition expressed or implied
by such forward-looking statements. These statements are based on the
Company's current expectations, estimates and projections. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," "may," "would," or "will" or variations of such words and similar
expressions may identify such forward-looking statements. You can also
identify forward-looking statements by discussions of strategy, plans or
intentions. These statements are not guarantees of future performance.
Factors which may impact them include, but are not limited to, general
economic and business conditions, customer demand for the Company's products,
the Company's ability to protect its intellectual property, the Company's
ability to execute on its business plan, the downturn in the real estate
market in
For more information about Open Energy, please contact: Investor Relations: Integrated Corporate Relations John Mills Tel: +1-310-954-1100 Email: jmills@icrinc.com Media Relations: Integrated Corporate Relations James McCusker Tel: +1-203-682-8200 Email: jmccusker@icrinc.com For further information about Suntech, please contact: In China: Rory Macpherson Investor Relations Director Suntech Power Holdings Co., Ltd. Tel: +86-21-6288-5574 Email: rory@suntech-power.com In the United States: Sanjay M. Hurry Vice President The Piacente Group, Inc. Tel: +1-212-481-2050 Email: suntech@tpg-ir.com
SOURCE Suntech Power Holdings Co., Ltd.