Azuray Technologies and Suntech Collaborate to Develop Advanced, ‘Smart Panel’ Technology

DURHAM, Ore.--(BUSINESS WIRE)-- Azuray Technologies, an emerging leader in solar power optimization electronics, announced today it is collaborating with Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of crystalline silicon solar panels, to explore ‘smart panel’ solutions aimed at bringing greater solar energy generation to new solar installations. The new ‘smart panel’ technology will draw on Azuray’s exceptional maximum power point tracking (MPPT) DC to DC technology, which yields up to 25 percent greater solar energy harvest from panels affected by shading, mismatch or other real world conditions.

“This cooperation with Azuray Technologies bolsters our commitment to innovate solar energy beyond today’s standards of excellence,” said Mr. Shijun Cai, Senior Vice President of Suntech. “Through collaboration with Azuray we hope to support solar installers and owners in their quest for greater power generation and faster returns on investment, in any environmental conditions.”

Azuray Technologies’ power optimization solutions increase energy harvest from solar panels and use power-line communications in combination with its communications gateway to track and enhance solar panel performance. The Azuray communications gateway offers monitoring and safety features for installation and grid power disruption. All Azuray power optimization solutions are designed for high reliability, durability in extreme temperature conditions and a long, 25-year life.

“We are proud to be working with one of the world’s leaders in solar PV modules,” said Les Crudele, CEO of Azuray Technologies. “Suntech shares our drive to develop and innovate smart panel solutions to improve energy harvest and bring greater value to our customers.”

ABOUT AZURAY TECHNOLOGIES, INC.

Azuray Technologies, Inc. is a leader in the distributed solar electronics sector with its reliable, efficient products and progressive vision for the PV industry. Azuray is dedicated to designing world class solar power electronics that increase the energy harvest, while at the same time, reducing the overall cost of solar PV systems. For more information please visit: www.azuraytech.com.

ABOUT SUNTECH

Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 10,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving 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. For more information about our people and products visit: http://www.suntech-power.com

Contacts

For Azuray Technologies:
Lisa Ann Pinkerton
+1-650-288-1824
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or
For Suntech:
Suntech Power Holdings Co., Ltd.
Rory Macpherson
Investor Relations Director
+1-415-268-8975
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