STR Holdings Appoints Sales Director for China
02 Marzo 2015 - 3:01PM
STR Holdings, Inc. (NYSE:STRI) ("STR" or the "Company") today
announced the appointment of Mr. Kong Weijie as Sales Director for
China. Pursuant to the Sales Service Agreement between the Company
and Zhenfa Energy Group Co., Ltd, an affiliate of the Company's
majority stockholder, STR has appointed Mr. Kong, a Zhenfa Vice
General Manager, to manage its sales team in China.
As previously announced, under the Sales Service Agreement,
Zhenfa has agreed to assist STR with the marketing, branding and
selling of its encapsulant products to Chinese solar module
manufacturers.
In this position, Mr. Kong will lead STR's China sales team in
expanding the Company's presence in the solar encapsulant market in
China.
Mr. Kong has deep experience in varied positions of increasing
responsibility. His experience includes multi-disciplinary team
building and management, government relations, project
management, investment management and high-value contract
negotiation. Mr. Kong's positions have included Business
Manager of Project Investment Department of Zhejiang Energy
Construction Industry Development Co., Ltd., Director Assistant of
Investment Department and Vice Director and Director of
Construction Savings Division of CECEP Industry Development Co.,
Ltd., General Manager of Energy Management Division and Director of
the Board of CECEP Building Energy Conservation Co., Ltd.
Mr. Kong is currently Vice General Manager of Zhenfa Energy
Group Co., Ltd., and General Manager of Zhenfa affiliate Chengdu
Photovoltaic Technology Co., Ltd. Mr. Kong holds a Master's
Degree from Xi'an Electronic Science and Technology University and
a Bachelor's Degree from Xi'an International Studies
University.
"I am very pleased to announce Mr. Kong's appointment," said
Robert S. Yorgensen, STR's Chairman, President and CEO. "He is
a seasoned professional with excellent management skills and a
strong technical background, and I believe he can help us meet our
goal of substantially increasing our encapsulant sales in
China. Given his operational experience, I also trust that Mr.
Kong will be able to link the sales effort more closely with that
of our China-based operations team for a more coordinated and
timely response to customer demands."
Mr. Kong will report to STR's global Director of Sales and
Technology, and to STR's China Business Director.
Zhenfa's Chairman, Zha Zhengfa, added "I have known Mr. Kong for
nearly a decade and I respect his experience along with his many
contributions to the Zhenfa Group. He is a trusted member of
my senior management team and I know he appreciates the important
role that I have asked him to undertake on behalf of Zhenfa's
investment in STR and our commitment to helping STR achieve growth
and success in China."
About STR Holdings, Inc.
STR Holdings, Inc. is a provider of encapsulants to the
photovoltaic module industry. Further information about STR
Holdings, Inc. can be obtained via the Company's website at
www.strsolar.com.
About Zhenfa Energy Group Co., LTD.
Jiangsu Zhenfa Holding Group Co., Ltd., the parent of Zhenfa,
was founded in 2004, and Zhenfa Energy Group was founded in 2012.
Zhenfa is a technologically advanced enterprise specializing in
photovoltaic power generation system integration. Zhenfa's mission
is to promote an environmentally friendly alternative to energy
generation in the effort to mitigate climate change across the
globe. The company is one of the first energy-conservation service
enterprises verified and filed by National Development and Reform
Commission in China. Zhenfa is committed to delivering high quality
and affordability in solar PV installations. Further
information about Zhenfa and its affiliated companies can be
obtained via its website at www.zhenfa.com.
Forward-Looking Statements
This press release and any oral statement made in respect of the
information in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may contain such
words as "may," "could,""expect," "intend," "plan," "seek,"
"anticipate," "believe," "estimate," "predict," "potential," or
"continue" or the negative of these terms or other comparable
terminology, and include assumptions that underlie such statements.
Such statements are subject to inherent risks and uncertainties.
Our business and prospects, and the price of our common stock,
could be adversely affected by known and unknown risks and
uncertainties, including without limitation those described in our
Definitive Proxy Statement filed on October 8, 2014, and under
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and in our Form 10-K
filed on March 13, 2014 and subsequent periodic reports on Form
10-Q and Current Reports on Form 8-K. You are urged to carefully
review and consider the disclosure found in our filings which are
available on http://www.sec.gov or http://www.strsolar.com. We
undertake no obligation to publicly update any forward-looking
statement contained in this press release, whether as a result of
new information, future developments or otherwise, except as may be
required by law.
CONTACT: Company Contact:
STR Holdings, Inc.
Joseph C. Radziewicz
Vice President and Chief Financial Officer
+1 (860) 265-1247
joseph.radziewicz@strholdings.com
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