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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 providers 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. Right now’s up to date settlement helps SunPower meet the growing demand of the proprietor of dwelling by offering SunPower with important extra portions 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, reasonably priced and dependable vitality, and SunPower is effectively positioned to seize this development with dependable merchandise and an unmatched buyer expertise.”
Below the brand new provide settlement, Maxeon expects to promote elevated volumes of its Maxeon 6 panels (bought within the US and Canada underneath the SunPower model as M-Collection) to SunPower on an unique foundation. SunPower additionally has the appropriate to barter the provision of future next-generation IBC expertise manufactured by Maxeon, which is able to allow SunPower to proceed to offer householders with the very best effectivity photo voltaic expertise out there. till at the moment. By these agreements, Maxeon solidifies the way forward for the connection with SunPower and its confirmed monitor file 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 setting the place an increasing number of shoppers are realizing the advantages of high-quality rooftop photo voltaic. Maxeon’s new panels are well-equipped to ship these benefits to householders throughout the US, the place they have been the gold normal for practically 20 years. We sit up for persevering with to work with SunPower to advance the vitality transition within the US,” he mentioned Mark BabcockMaxeon interim CEO.
M-Collection photo voltaic panels are essentially the most environment friendly photo voltaic panels out there for householders, optimized to seize extra daylight in a smaller house than aggressive merchandise. Accessible nationwide, M-Collection panels are available quite a lot of designs to swimsuit each home-owner’s preferences.
To study extra about SunPower’s photo voltaic choices, go to: https://us.sunpower.com/merchandise/solar-panels.
To study 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 providers within the North America. SunPower affords 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 data, 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 nations, working underneath the SunPower model in some overseas nations. in the US. 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 traces. Maxeon merchandise serve the worldwide rooftop and solar energy plant market 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-Wanting Statements
This press launch accommodates “forward-looking statements” inside 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 shoppers and our potential to satisfy client wants, and product efficiency. These forward-looking statements are primarily based on our present assumptions, expectations, and beliefs and contain important dangers and uncertainties that would trigger outcomes to vary materially from these expressed or implied by these forward-looking statements. . Components which will trigger or contribute to such variations embrace, however are usually not restricted to, regulatory modifications and the supply of financial incentives that promote the usage of photo voltaic vitality, the supply of merchandise in ample 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 potential to efficiently handle provider relationships. An in depth dialogue of those components and different dangers affecting our enterprise is included within the filings we make with the Securities and Trade Fee (SEC) every now and then, together with our most up-to-date experiences on Kind 10-Okay and Kind 10-Q, specifically. underneath the heading “Threat 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 data presently out there to us, and we undertake no obligation to replace these forward-looking statements on account of new data or future occasions. .
Maxeon Ahead-Wanting Statements
This press launch accommodates forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade 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 about future efficiency primarily based on our outlook in 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, development projections and enlargement of the share of market within the US and Canadian residential markets. These forward-looking statements are primarily based on our present assumptions, expectations and beliefs and contain important dangers and uncertainties that would trigger outcomes, efficiency or success to vary materially from these expressed or implied by these expectations. statements. An in depth dialogue of those components and different dangers affecting our enterprise is included within the filings we make with the Securities and Trade Fee (“SEC”) every now and then, together with our most up-to-date or report on Kind 20-F, particularly underneath the heading “Merchandise 3.D. Threat 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 data presently out there to us, and we undertake no obligation to replace these forward-looking statements on account of new data or future occasions. .
SOURCE SunPower Corp.
Associated Hyperlinks
https://www.sunpower.com
http://newsroom.sunpower.com
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