E and Suntech Announce Multi-Year Agreement for Inverter Solutions
FORT COLLINS, Colo., Oct. 21, 2009-Advanced Energy(r) Industries, Inc. (NasdaqGM: AEIS) announced today that it has entered into a multi-year agreement with Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of crystalline-silicon solar modules. This agreement includes the range of AE's expanding Solaron(r) offerings, including utility-scale, photovoltaic (PV) inverters, Remote PV Tie (RPT) accessories and SafeGuard(r) support and service options.
Dr. Hans Betz, president and CEO of AE, noted, "AE is very pleased to be part of this collaboration with a world leading producer of PV crystalline-silicon modules. This agreement recognizes the value that our high-performance inverter technology and comprehensive, customizable services bring to the largest solar-power customers."
As a part of this agreement, Solaron inverters and services will contribute to the innovation, dependability and cost-effectiveness of Suntech's Reliathon platform, a simplified, integrated program for designing and building utility-scale PV plants.
To learn more about AE's Solaron inverter solutions during Solar Power International 2009, visit www.advanced-energy.com/en/SOLAR2009.html and the company in booth #2360.
About Advanced Energy
Advanced Energy is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Specifically, AE targets solar grid-tie inverters, solar cells, semiconductors, flat panel displays, data storage products, architectural glass and other advanced applications.
AE operates in regional centers in North America, Asia and Europe and offers global sales and support through direct offices, representatives and distributors. For more information, go to www.advanced-energy.com
This news release may contain forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. Please refer to the company's SEC reports for a listing of such factors.