"SunPower is introducing the world's first 400-watt residential solar panels as most in the industry are just crossing the 300-watt threshold for home solar," said Jeff Waters, CEO of the SunPower Technologies business unit. "Our record-breaking cell technology and innovative research and development efforts have enabled us to fit more power capacity on rooftops than we ever have before. Our growing panel portfolio is delivering unprecedented value across global markets that goes unmatched by any other residential solar technology currently available."

A-Series Solar Panel Engineered from SunPower's Next Generation Technology

SunPower is well known for its patented Maxeon solar cells built on a solid copper foundation for high reliability and performance. They make SunPower® solar panels virtually impervious to the corrosion and cracking that typically cause conventional panels to break down. In fact, SunPower solar panels are shown to have the lowest degradation rate in the industry.

A-Series panels are built with SunPower's fifth-generation Maxeon solar cells, called Gen 5, which were perfected at the company's Silicon Valley Research Facility. This breakthrough Next Generation Technology required new materials, tools and processes, and resulted in a 65 percent larger cell than previous generations that absorbs more sunlight and ultimately offers more savings to homeowners.

Combined with Maxeon Gen 5 solar cells is one of the industry's highest-powered, factory-integrated microinverter, making A-Series ideal for use with SunPower's Equinox™ platform: the only fully integrated residential solution designed, engineered and warranted by one manufacturer.

Delivering up to 415 watts of electricity, A-Series is the most powerful solar panel that customers in America can buy for their home today.

Maxeon 3 is Most Powerful Home Solar Panel in Europe and Australia

SunPower also broke the 400-watt, residential solar panel barrier for homeowners in Europe and Australia with the company's new Maxeon 3 panel which delivers 400 watts of power from its third-generation Maxeon solar cells. In SunPower's core international distributed generation markets – which include Europe and Australia – the company is a leading solar provider, increasing volume at a compound annual growth rate of more than 60 percent since 2016. SunPower has had particular success in Europe, doubling its market share.

A Robust Solar Panel Portfolio

A-Series and Maxeon 3 join SunPower's robust residential and commercial solar panel portfolio that includes Performance Series panels. These expanded options provide SunPower's extensive dealer network with a range of power and efficiencies to suit specific customer needs. All SunPower panels are backed by its industry-leading 25-year Combined Power and Product Warranty.

"SunPower solar panels are designed to maximize power production and energy savings for our customers, and we're only scratching the surface of what's possible in home solar," Waters continued. "With our innovative solar solutions and services, and our established channels to market, SunPower will continue building on its strong leadership position in distributed generation around the world."

More than 10.3 gigawatts of the company's high-reliability solar technology are installed to date at residential, commercial and utility-scale projects globally. Collectively, these SunPower® systems are expected to produce approximately 470 billion kilowatt hours of solar electricity over their first 25 years, offsetting carbon emissions from approximately 30 million tons of coal burned.

To learn more about A-Series, visit www.sunpower.com/nextgentechnology or our latest blog post here.

For those interested in Maxeon 3, visit www.sunpowercorp.co.uk/maxeon.

About SunPower

As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

SunPower's 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 expected energy output, product performance, and cost savings. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 10-K, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

© 2019 SunPower Corporation. All Rights Reserved. SUNPOWER, the SUNPOWER logo, EQUINOX, and MAXEON are trademarks or registered trademarks of SunPower Corporation in the U.S. and other countries as well.

SOURCE SunPower Corp.

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