The brand new phrases prolong the provision settlement till 2025
RICHMOND, Calif., Jan. 5, 2023 /PRNewswire/ — SunPower Corp . (NASDAQ:SPWR), a number one residential photo voltaic expertise and vitality companies supplier, and Maxeon Photo voltaic Applied sciences, Ltd. (NASDAQ:MAXN), a world chief in photo voltaic innovation and channels, introduced the extension of their provide relationship by means of 2025. The up to date settlement in the present day helps SunPower meet the rising demand of the proprietor of house by offering SunPower with a major further quantity of Maxeon’s high-efficiency interdigitated again contact (IBC) photo voltaic panels, whereas additionally considerably enhancing Maxeon’s presence within the US residential market.
“This provide settlement strengthens our long-term relationship with Maxeon and additional secures the provision of premium panels for our increasing buyer base,” it mentioned. Peter Faricy, SunPower CEO. “Demand for photo voltaic continues to extend together with the need for clear, inexpensive and dependable vitality, and SunPower is effectively positioned to seize this progress with dependable merchandise and an unmatched buyer expertise.”
Beneath the brand new provide settlement, Maxeon expects to promote elevated volumes of its Maxeon 6 panels (offered within the US and Canada beneath the SunPower model as M-Collection) to SunPower on an unique foundation. SunPower additionally has the fitting to barter the provision of future next-generation IBC expertise manufactured by Maxeon, which can allow SunPower to proceed to offer owners with the best effectivity photo voltaic expertise out there. till in the present day. By means of these agreements, Maxeon solidifies the way forward for the connection with SunPower and its confirmed monitor document of promoting premium IBC expertise to Maxeon, and obtains a framework for future collaboration as Maxeon develops with its subsequent technology expertise and elevated capability.
“We’re happy to increase our relationship with SunPower, and our renewed provide settlement continues the unique provide of our industry-leading Maxeon 6 panels by means of SunPower’s well-established channel to residential market throughout the US and Canada. The excessive retail electrical energy costs seen in 2022, that are more likely to proceed by means of 2023, have created an surroundings the place increasingly more customers are realizing the advantages of high-quality rooftop photo voltaic. Maxeon’s new panels are well-equipped to ship these benefits to owners throughout the US, the place they have been the gold customary for practically 20 years. We stay up for persevering with to work with SunPower to advance the vitality transition within the US,” it mentioned Mark BabcockMaxeon interim CEO.
M-Collection photo voltaic panels are essentially the most environment friendly photo voltaic panels out there for owners, optimized to seize extra daylight in a smaller area than aggressive merchandise. Obtainable nationwide, M-Collection panels are available quite a lot of designs to go well with each house owner’s aesthetic preferences.
To be taught extra about SunPower’s photo voltaic choices, go to: https://us.sunpower.com/merchandise/solar-panels.
To be taught extra about Maxeon’s excessive performing IBC expertise, go to: https://maxeon.com/us/solar-panel-products/maxeon-solar-panels
About SunPower
SunPower (NASDAQ:SPWR) is a number one supplier of photo voltaic, storage and vitality companies within the North America. SunPower gives the one photo voltaic + storage answer designed and assured by one firm that offers clients management of energy consumption and stability throughout energy outages whereas offering price financial savings to house owners of home For extra info, go to www.sunpower.com.
About Maxeon Photo voltaic Applied sciences
Maxeon Photo voltaic Applied sciences (NASDAQ:MAXN) is Powering Optimistic Change™. Headquarters at SingaporeMaxeon designs and manufactures Maxeon® and SunPower® model photo voltaic panels, and has gross sales operations in additional than 100 international locations, working beneath the SunPower model in some overseas international locations. in america. The corporate is a frontrunner in photo voltaic innovation with entry to over 1,000 patents and two best-in-class photo voltaic panel product strains. Maxeon merchandise serve the worldwide rooftop and solar energy plant markets by means of a community of greater than 1,400 trusted companions and distributors. A pioneer in sustainable photo voltaic manufacturing, Maxeon leverages a 35-year historical past within the photo voltaic {industry} and quite a few awards for its expertise. For extra details about how Maxeon is Powering Optimistic Change™ go to us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.
SunPower Ahead-Trying Statements
This press launch accommodates “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995, together with, however not restricted to, statements relating to enterprise plans and timelines, expectations relating to elevated demand of customers and our capacity to satisfy client wants, and product efficiency. These forward-looking statements are primarily based on our present assumptions, expectations, and beliefs and contain vital dangers and uncertainties that might trigger outcomes to vary materially from these expressed or implied by these forward-looking statements. . Components that will trigger or contribute to such variations embrace, however will not be restricted to, regulatory modifications and the supply of financial incentives that promote the usage of photo voltaic vitality, the supply of merchandise in adequate quantity to satisfy demand, fluctuations or reductions within the manufacturing of our merchandise, and challenges in managing our strategic relationships and partnerships, together with our capacity to efficiently handle provider relationships. An in depth dialogue of those elements and different dangers affecting our enterprise is included within the filings we make with the Securities and Alternate Fee (SEC) every now and then, together with our most up-to-date reviews on Type 10-Okay and Type 10-Q, specifically. beneath the heading “Danger Components.” Copies of those filings can be found on-line from the SEC or within the SEC Filings part of our Investor Relations web site at buyers.sunpowercorp.com. All forward-looking statements on this information launch are primarily based on info at present out there to us, and we undertake no obligation to replace these forward-looking statements because of new or future info. occasions.
Maxeon Ahead-Trying Statements
This press launch accommodates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, together with, however not restricted to, statements of aggressive benefits. of our merchandise for the US and Canadian markets, anticipated demand for our merchandise, benefits of promoting SunPower merchandise, Maxeon’s expectations relating to future efficiency primarily based on our outlook for expertise, alternatives in superior levels of negotiations, alternatives associated to supplying our merchandise by means of a wider and extra various set of market intermediaries, progress projections and market share growth within the US and Canadian residential markets. These forward-looking statements are primarily based on our present assumptions, expectations and beliefs and contain vital dangers and uncertainties that might trigger outcomes, efficiency or success to vary materially from these expressed or implied by these expectations. statements. An in depth dialogue of those elements and different dangers affecting our enterprise is included within the filings we make with the Securities and Alternate Fee (“SEC”) every now and then, together with our most up-to-date or report on Type 20-F, particularly beneath the heading “Merchandise 3.D. Danger Components.” Copies of those filings can be found on-line from the SEC or within the Financials & Filings part of our Investor Relations web site at https://corp.maxeon.com/financials-filings/sec-filings. All forward-looking statements on this information launch are primarily based on info at present out there to us, and we undertake no obligation to replace these forward-looking statements because of new info or future occasions. .
SOURCE SunPower Corp.
Associated Hyperlinks
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