$1.1 Million Cypress and SunPower Donation Provides 322-Kilowatt Solar Power System at Second Harvest Food Bank
August 25 2010 - 8:00AM
Business Wire
Cypress Semiconductor Corp. (NASDAQ:CY) and SunPower Corporation
(NASDAQ: SPWRA, SPWRB) today announced a joint donation to the
Second Harvest Food Bank of Santa Clara and San Mateo Counties
valued at $1.1 million for the purchase of a SunPower rooftop solar
system. The 322-kilowatt (kW) system will be installed at the
non-profit organization’s headquarters, located on Curtner Ave. in
San Jose, Calif. It is expected to save the food bank nearly $3
million over the 25-year life of the system—translating into
approximately six million meals for the local community.
“We are distributing more than 20 percent more food than last
year at this time,” said Second Harvest Food Bank CEO Kathy
Jackson, whose organization serves an average of 231,000
individuals each month in Santa Clara and San Mateo Counties. “The
rooftop solar system so generously donated by Cypress and SunPower
will help us to continue meeting the needs of our community, even
if this trend should continue.”
“Second Harvest Food Bank is one of the most efficient
non-profit organizations in the country, giving $0.95 out of every
dollar it receives back to the community,” said T.J. Rodgers,
president and CEO of Cypress. “Cypress is pleased to help reduce
the organization’s operating expenses so that it can focus on what
it does best—feeding the community.”
“SunPower is pleased to support the Second Harvest Food Bank
with its efforts to help end hunger in our community,” said Tom
Werner, CEO of SunPower Corp. “We hope this unique solar gift will
shine a light on hunger, and encourage other businesses to support
this worthy cause.”
The 322-kW system on the 1.4 acre roof at Second Harvest Food
Bank is comprised of the SunPower T10 Solar Roof Tile and the
SunPower T5 Solar Roof Tile. Both solar roof tile products use
SunPower’s high-efficiency solar panels that are tilted at
10-degrees and 5-degrees respectively to increase energy capture.
The T5 Solar Roof Tile integrates a solar panel, frame and roof
mounting system into a single unit, reducing installation time and
costs. The system will generate enough electricity to meet more
than half of the organization’s electrical needs. System
installation is expected to be completed in September.
Money earmarked for this project includes more than $700,000
that was raised by Cypress and its employees through fundraisers
and corporate giving initiatives during the holiday food drive this
past Fall. Since 1989, Cypress has donated nearly $5 million in
cash and more than one half-million pounds of food to Second
Harvest Food Bank, driving 19 consecutive victories for Cypress in
the Food Bank’s Corporate Food Bowl Challenge.
About Cypress
Cypress delivers high-performance, mixed-signal, programmable
solutions that provide customers with rapid time-to-market and
exceptional system value. Cypress offerings include the flagship
PSoC® programmable system-on-chip families and derivatives such as
PowerPSoC® solutions for high-voltage and LED lighting
applications, CapSense® touch sensing and TrueTouch™ solutions for
touchscreens. Cypress is the world leader in USB controllers,
including the high-performance West Bridge® solution that enhances
connectivity and performance in multimedia handsets. Cypress is
also a leader in high-performance memories and programmable timing
devices. Cypress serves numerous markets including consumer, mobile
handsets, computation, data communications, automotive, industrial
and military. Cypress trades on the NASDAQ Global Select Market
under the ticker symbol CY. Visit Cypress online at
www.cypress.com.
About SunPower
Founded in 1985, SunPower Corp. (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.
About Second Harvest Food Bank
Second Harvest Food Bank of Santa Clara and San Mateo Counties
has been providing services to the community since 1974. It is the
single largest nonprofit provider of food to low-income households
in Santa Clara and San Mateo Counties and the fifth largest food
bank in the country, providing food to an average of 231,000
individuals each month. Second Harvest Food Bank is a certified
member of Feeding America (formerly known as America's Second
Harvest), a network of food banks and food distribution programs in
the United States. For more information, visit www.shfb.org.
Cypress, the Cypress logo, CapSense, PSoC, PowerPSoC and West
Bridge are registered trademarks and SmartSense, CapSense Plus,
PSoC Designer and TrueTouch are trademarks of Cypress Semiconductor
Corp. All other trademarks are property of their owners.
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