CHICAGO, Oct. 21, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), ("Suntech" or the "Company"), one of the world's largest solar companies, today announced a quicker and more cost effective method, using Zep Solar® technology, to install PV arrays for commercial and residential roof applications. Suntech will showcase its new Zep CompatibleTM module at this week's Solar Power International (SPI) Exhibition, booth #243.
Zep Solar mounting and grounding products are purposefully engineered to improve PV installations. Their patent-protected hardware systems, now an important industry standard, have proven to optimize material usage and labor as well as to increase function and aesthetics. At the heart of the system is the Zep GrooveTM specification, which Suntech has designed into a line of its state-of-the-art PV modules. This groove joins securely with Zep Solar hardware components for fast and flawless installations.
"We're thrilled that Suntech has licensed Zep Solar technology to favorably impact both pre-installation and on-site processes," says Mick McDaniel, Managing Director of Suntech America. "Suntech has always emphasized R&D and we genuinely value the innovative culture at Zep Solar. We look forward to our partnership to advance solar take-up in the marketplace."
"Zep Solar is proud to partner with Suntech to expand the reach of our installation platform," said Mike Miskovsky, CEO of Zep Solar. "We believe that our patented technology and Suntech's strong global distribution will help in our efforts to deploy our technology at mass scale."
Suntech is now taking orders on its Zep CompatibleTM PV modules. Delivery will begin in the first quarter of 2014. These modules, rated at 255W/250W (STP255-20/Wdz), will initially be available in North America.
About Zep Solar
Zep Solar, Inc. was founded in 2009 by PV industry veterans to advance the proliferation of solar energy through well designed PV mounting and grounding products. Zep Solar licenses its patented Zep Groove technology to a growing list of top-tier PV module and power electronics manufacturers and manufactures its own line of complementary mounting and grounding hardware – offering the world's first comprehensive platform for PV system installation. The Zep Compatible platform drastically reduces the cost and complexity of designing, shipping, warehousing, and installing PV systems.
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for residential, commercial, industrial, and utility applications. With regional operations in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are designed to drive solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.
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 Zep Compatible product's ability to minimize material usage and labor, and the availability of the Zep Compatible product. 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.
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SOURCE Suntech Power Holdings Co., Ltd.