Suntech's CEO Dr. Zhengrong Shi Elected to ATSE Fellowship
November 17 2009 - 6:30PM
PR Newswire (US)
Congratulates NSW Government on Progressive New Solar Policy
BRISBANE, Australia and WUXI, China, Nov. 17 /PRNewswire-Asia/ --
Suntech Power Holdings Co., Ltd. (NYSE:STP), the world's largest
crystalline silicon photovoltaic (PV) module manufacturer, today
announced that its Chairman and Chief Executive Officer, Dr.
Zhengrong Shi, has been elected to the fellowship of the Australian
Academy of Technological Sciences and Engineering (ATSE) for his
outstanding achievement in research and management in the
large-scale commercialization of photovoltaic technology. ATSE is
an association of professional men and women who are elected as
Fellows of the Academy on the basis of their achievement in the
application of science, technology and engineering to Australian
life. Dr. Zhengrong Shi was elected to the ATSE fellowship at the
34th Annual General Meeting held in Brisbane, Australia on Sunday,
November 15, 2009. "The Academy fosters excellence in technological
sciences and engineering to enhance Australia's competitiveness,
economic and social well-being and environmental sustainability,"
said Professor Robin Batterham, President of ATSE. "One of ATSE's
roles is to help shape how Australia debates and tackles some of
the major challenges of our times such as energy and climate
change. I have no doubt that the Academy will benefit from Dr.
Shi's expertise in these areas and his outstanding contribution to
the implementation of viable solutions." Dr. Zhengrong Shi said, "I
am honored to be confirmed as a fellow of this prestigious academy.
Australian scientists and engineers make extraordinary
contributions to all fields of global scientific endeavor and
Australian technology is helping to drive many young and rapidly
growing industries. I am particularly excited about the growth of
the solar industry in Australia as it is home to some of the best
technology and solar resources in the world." A number of states
and capital territories including South Australia, Queensland,
Victoria and the Australian Capital Territory have introduced
proactive policies to stimulate investment in solar. Most recently,
New South Wales (NSW) introduced a gross feed in tariff of AUD$0.60
per kilowatt hour for seven years for solar systems up to 10kW in
size. "Suntech applauds the Premier and the NSW government for
implementing a feed in tariff to stimulate the growth of the local
solar industry. The move recognizes the transformational role a
feed in tariff can have in boosting employment, developing the
industry and moving to a low carbon future," said Dr. Shi. About
the ATSE The ATSE is an independent, non-government organisation
dedicated to the promotion in Australia of scientific and
engineering knowledge to practical purposes. The ATSE was formally
inaugurated as the Australian Academy of Technological Sciences in
Melbourne in February 1976. The concept of an applied sciences
academy had its origins in the late 1960's when the Australian
Industrial Research Group (AIRG), an informal association of
directors and managers of industrial research and development
laboratories, appointed a small committee to study the proposal for
such a body put forward by the late Dr W A S Butement the then
recently retired Chief Defence Scientist. For further information,
please visit http://www.atse.org.au/ . About Suntech Suntech Power
Holdings Co., Ltd. (NYSE:STP) is the world's leading solar energy
company as measured by production output of crystalline silicon
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 offers an extensive range of customer-centric innovations,
including Suntech's patent-pending Pluto technology for crystalline
silicon solar cells, which improves power output by up to 12%
compared to conventional production methods, the Reliathon(TM), the
industry's first fully integrated utility-scale solar platform, and
its broad range of building-integrated solar products. Suntech
designs and delivers commercial and utility scale solar power
systems in China and the United States. With regional headquarters
in China, Switzerland and San Francisco and sales offices
worldwide, Suntech is passionate about improving the environment we
live in and dedicated to developing advanced solar solutions that
enable sustainable development. 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,
and includes the growth of the solar industry in Australia and the
ability of the feed in tariff to boost employment, develop the
solar industry and move to a low carbon future. 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. For further
information, please contact: In the United States: Story Labs for
Suntech America Sarahjane Sacchetti Tel: +1-415-268-8881 Email: In
China: Suntech Power Holdings Co., Ltd. Rory Macpherson Investor
Relations Director Tel: +86-21-6288-5574 Email: DATASOURCE: Suntech
Power Holdings Co., Ltd. CONTACT: In the United States, Sarahjane
Sacchetti of Story Labs for Suntech America, +1-415-268-8881, or ;
or in China, Rory Macpherson, Investor Relations Director of
Suntech Power Holdings Co., Ltd., +86-21-6288-5574, or Web Site:
http://www.suntech-power.com/
Copyright