Maxeon will supply Performance Series bifacial modules for US projects

SINGAPORE, March 17, 2022 /PRNewswire/ — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that it will supply approximately 400 megawatts (MW) of its high-efficiency Performance shingle bifacial solar modules to a top ten developer. solar and energy storage systems company, Origis Energy, for use in Origis’ large-scale projects in the United States. Module deliveries will begin in June 2023 and end in late 2023.

“This 400 MW supply agreement with Maxeon Solar Technologies is an important part of complementing Origis’ strong solar portfolio. Maxeon technology will help ensure our solar power plants meet performance targets to deliver clean, competitively priced power to our customers across the United States,” said Guy Vanderhaegen, CEO and President, Origis Energy. “Additionally, Maxeon continues to be a pioneer in sustainability initiatives, including its leadership in environment, sustainability and governance (ESG). ESG factors are important to all Origis stakeholders. , from investment partners to utilities and corporate energy buyers. We look forward to a productive alliance with the Maxeon team.”

Manufactured using sophisticated and proprietary manufacturing processes, Performance Series solar modules are based on Maxeon’s shingle cell technology, protected by 83 issued patents. Utilizing bifacial mono-PERC solar cells fabricated on eight-inch large-format G12 wafers, the Performance line offers industry-leading efficiency along with improved shade tolerance and unmatched durability to lower system energy cost.

“We are delighted to have been selected by Origis Energy as a long-term partner,” said Jeff Waters, CEO of Maxeon Solar Technologies. “Origis’ decision to invest in our Performance range validates the technology’s advantages in terms of performance, durability and reliability over conventional solar panels, as well as its competitiveness. Moreover, it demonstrates the confidence that utility customers have in our ability to deliver on our commitments. “

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) powers Positive Change™. Based at SingaporeMaxeon designs and manufactures Maxeon® and SunPower® branded solar panels, and has commercial operations in over 100 countries, operating under the SunPower brand in select countries outside of United States. The company is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon products span the global rooftop and solar power plant markets through a network of more than 1,400 trusted partners and distributors. A pioneer in sustainable solar manufacturing, Maxeon draws on 35 years of experience in the solar industry and numerous awards for its technology. For more information on how Maxeon Powers Positive Change™, visit us at www.maxeon.comto LinkedIn and on Twitter @maxeonsolar.

About Origis Energy
Origis Energy brings clean, cost-effective solar and energy storage solutions within reach of utility, commercial, industrial and public sector customers. The Origis team has worked to ensure that the interests of all stakeholders are defended in 170 projects worldwide totaling over 4 GW of solar and energy storage capacity developed to date. Based at Miami, Florida, Origis Energy offers excellence in development, financing, engineering, procurement and construction (EPC) of solar and energy storage, as well as operation, maintenance and asset management for investors and consumers of clean energy in the United States. Visit us at www.origisenergy.comto LinkedIn and on Twitter @OrigisEnergy.

Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Company’s timing and expectations for success and profitability in its expansion strategy and planned projects in new markets; the company’s expectations regarding customer demand, pricing trends and growth projections; the company’s expectations regarding future performance based on our technology outlook, reservations and pipelines in sales channels, and operational efficiency of our supply chain; and the company’s expectations regarding our future revenues from contract orders, including advance payments. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. A detailed discussion of these and other risks affecting our business is included in the documents we file with the Securities and Exchange Commission (“SEC”) from time to time, including our most recent report on the form 20-F, especially under “Item 3.D. Risk Factors.” Copies of these documents are available online from the SEC or in the Financials & Filings section of our Investor Relations website at https://corp.maxeon.com/financials-filings/sec-filings. All forward-looking statements contained in this press release are based on information currently available to us, and we undertake no obligation to update these forward-looking statements in light of new information or future events.

© 2022 Maxeon Solar Technologies, Ltd. All rights reserved. MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd. Visit https://corp.maxeon.com/trademarks for more information.

SOURCE Maxeon Solar Technologies, Ltd.