Suntech (STP) Signs Distribution Deal With House Care

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09:07:40 am on February 26, 2009

Suntech just announced a new distribution agreement with House Care Co, LTD. Under the terms of the agreement, House Care is authorized to distribute Suntech’s products to the Japanese market. In 2009, House Care expects to distribute 30MW of Suntech’s products.

Dr. Tadao Kasahara, President of MSK Corporation, a Suntech subsidiary, commented on the agreement:

”House Care is one of Japan’s leading providers of innovative roofing systems and we are delighted to establish a fruitful partnership with them to distribute Suntech modules in Japan. With targets to reach 4.8 gigawatts of installed solar capacity in 2010 and renewed support from Japan’s Ministry of Economy, Trade and Industry, we are confident that the local solar market will grow strongly in 2009 and beyond. We intend to form long-term, mutually beneficial relationships with Japanese solar distributors and encourage the further adoption of solar technology in Japan.”

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