NEW BRUNSWICK, NJ (JUNE 10, 2009) – Hyatt Regency New Brunswick today flipped the switch to dedicate its newly installed SunPower solar power system, marking the hotel’s initial step towards generating clean, renewable solar power. The hotel partnered with SunPower Corp. (Nasdaq: SPWRA, SPWRB), a manufacturer of high-efficiency solar cells, panels and systems, to design and install the 32,000-square-foot, 421-kilowatt system over the top floor of the hotel’s garage.
At a dedication ceremony today, Hyatt Regency New Brunswick celebrated the completion of the new photovoltaic (PV) solar panel system. General Manager Adrian Hughes and Director of Engineering Scott Stahl addressed a group of attendees, including New Brunswick Mayor James Cahill.
“We are thrilled to be moving forward in our efforts to conserve resources,” said Hughes. “The hotel has instituted many successful energy saving programs over the past several years, and solar is the next logical step to furthering our environmental commitment.”
Hyatt Regency New Brunswick’s solar power system utilizes SunPower’s high-efficiency solar panels with its patented PowerGuard® roof tile technology. PowerGuard is a non-penetrating, wind-resistant system that lies flat on the roof and provides added thermal insulation for the building and environmental protection to the roof membrane.
The output from the system will help reduce New Jersey’s CO2 emissions by 10,000 tons over the next 30 years, and will further lessen oil dependence by at least 749 barrels annually, according to conversion formulas provided by the U.S. Environmental Protection Agency.
“Using SunPower technology will maximize the amount of power generated by the system, and will also maximize Hyatt Regency New Brunswick’s return on investment, saving on annual electricity costs now and over the long term,” said Tom Leyden, managing director, SunPower. “We commend Hyatt Regency New Brunswick for their leadership in environmental stewardship, and for helping New Jersey attain its renewable energy goals."
Hyatt Regency New Brunswick is strongly committed to shrinking its environmental footprint by reducing, reusing and recycling. Some of the steps the hotel has taken include:
About Hyatt Regency New Brunswick
The 288-room hotel services central New Jersey with the perfect combination of downtown location and authentic hospitality. Business and leisure travelers alike can enjoy amenities such the 24-hour StayFit@Hyatt gym, indoor pool and hot tub, and fitness concierge. Additionally, the hotel offers over 33,000 square feet of renovated function space, a full service restaurant, a lounge, private dining rooms and in-room dining. Hyatt Regency New Brunswick is conveniently located near Newark International Airport, local companies and attractions, and nearby shopping and entertainment options. Travelers can also enjoy day trips to New York City and the Jersey shoreline. For more information, please call (732) 873-1234 or visit www.newbrunswick.hyatt.com.
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About Global Hyatt Corporation
About SunPower Corporation
Founded in 1985, SunPower Corporation (Nasdaq: SPWRA, SPWRB) designs, manufactures and delivers the planet's most powerful solar technology broadly available today. Residential, business, government and utility customers rely on the company's experience and proven results to maximize return on investment. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as “will” to identify forward-looking statements in this press release, including forward-looking statements regarding: (a) the system helping reduce CO2 emissions by 10,000 tons over the next 30 years and lessen oil dependence by at least 749 barrels annually; and (b) the system maximize Hyatt Regency New Brunswick’s return on investment, saving on annual electricity costs now and over the long term. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) actual electricity generation; (ii) the actual energy consumption rate; (iii) unexpected changes in utility service rates; (iv) variations in carbon dioxide emissions reductions; and (v) other risks described in the company's Quarterly Report on Form 10-Q for the quarter ended March 29, 2009, and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
SUNPOWER and the SUNPOWER logo are trademarks or registered trademarks of SunPower Corporation. All rights reserved. All other trademarks are the property of their respective owners
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Hyatt Regency New Brunswick