The new Performance 3 AC panel will complement existing
Maxeon AC offering
SINGAPORE, July 13, 2021 /PRNewswire/ -- Maxeon Solar
Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar
innovation and channels, today announces the extension of its AC
Energy Solutions with the launch of the new Performance 3 AC panel.
This is the second product in the company's AC portfolio and
follows the introduction of the premium Maxeon 5 AC panel in late
2020. AC Energy Solutions combine the industry leading solar panel
technology from Maxeon with advanced microinverter technology,
offering a powerful and fully customizable solar solution to
maximize any roof's potential. The new Performance 3 AC panel will
be commercialized by Maxeon Solar Technologies under the SunPower
brand to residential customers in key international markets through
authorized installer networks and distributors starting in the
third quarter of 2021.
"Today's customers are increasingly demanding, they expect top
quality and peace of mind from their solar systems," said
Jeff Waters, Chief Executive Officer
at Maxeon Solar Technologies. "These are the main reasons behind
the success of our first AC panel under the Maxeon product line.
Maxeon 5 AC panels are currently available in seventeen
European countries and Australia
where we see strong demand. The addition of a Performance line AC
panel will enable us to tackle different market segments with a
value line business proposition. The new Performance 3 AC panel
continues Maxeon's strategy to expand its Distributed Generation
(DG) business to go 'Beyond the Panel' – leveraging our unique
trained channel partners and their ability to translate our
significant technology differentiation into compelling customer
benefits across the many markets we serve."
The new Performance 3 AC panel offers installers more efficient
installations, simplified logistics and stock management and more
flexible system designs. For homeowners, this advanced solar
solution can provide a system designed to maximise power output on
their home's unique roof and offers superior reliability in
real-world conditions like weather events and shade. Furthermore,
the AC architecture gives the flexibility to expand the solar
system as energy needs evolve, accommodating EV charging, AC
storage, the electrification of home appliances and more.
Assessing their experience with the AC solutions from
Maxeon Solar Technologies, Jos Eisberg, CEO at Voltark, a German
SunPower Premier Partner, says: "We pride ourselves to be at the
forefront of solar technology, offering residential customers our
expertise combined with the most innovative solar products for
their homes. The AC Energy Solutions from Maxeon have consistently
raised the bar for quality, reliability, and durability. For our
customers, this innovative concept means maximized energy
production regardless of the type and size of roof or space
constraint. For us, the AC solution has translated into a faster
and easier installation, with lower levels of maintenance required.
An all-AC system is peace of mind for us and our valued customers,
who can also benefit from 25 years of category-leading warranty
protection."
Assessing their experience with the AC solutions from
Maxeon Solar Technologies, Jos Eisberg, CEO at Voltark, a German
SunPower Premier Partner, says: "We pride ourselves to be at the
forefront of solar technology, offering residential customers our
expertise combined with the most innovative solar products for
their homes. For our customers, the AC solution means maximized
energy production regardless of the type and size of roof or space
constraint. For us, this innovative concept has translated into a
faster and easier installation. An all-AC system is peace of mind
for us and our valued customers, who can also benefit from 25 years
of category-leading warranty protection."
AC modules have had early success in Australia as well. Keera Single, CEO at Solargain, a SunPower Elite
Partner, said "SunPower AC panels offer proven performance in
Australia's tough climate, paired
with the flexibility of each panel operating independently. Along
with the 25-year on-roof product warranty, AC Energy Solutions from
Maxeon appeal to even the most demanding customer."
"In addition, SunPower AC Energy Solutions offer a unique
solution to customers who may have not been qualified for a
conventional string system, so it's a great opportunity for us to
reach new customers. We are excited to add the Performance 3 AC
panel to our product offering to ensure we are providing the
highest quality solar systems to our Australia-wide market." Single concluded.
"We believe that our AC Energy Solutions' unique value
proposition of advanced technology, higher energy yield and proven
reliability, combined with our knowledgeable channel partners, is a
key growth driver in our global DG business. We are excited about
the market potential we are unlocking with this platform and are
convinced that these products will help drive accelerated adoption
of solar energy among home-owners to continue Powering Positive
Change." concluded Waters.
The new Performance 3 AC panel will be presented to the public
during The smarter E Industry Days 2021, on July 23, 2021. Click here for more information
and to register to the event.
About Maxeon Solar Technologies
Maxeon Solar
Technologies (NASDAQ:MAXN) is Powering Positive Change™.
Headquartered in Singapore, Maxeon
designs and manufactures Maxeon® and
SunPower® brand solar panels, and has sales operations
in more than 100 countries, operating under the SunPower brand in
certain countries outside the 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 1,200 trusted
partners and distributors. A pioneer in sustainable solar
manufacturing, Maxeon leverages a 35-year history in the solar
industry and numerous awards for its technology. For more
information about how Maxeon is Powering Positive Change™ visit us
at www.maxeon.com, on LinkedIn and on Twitter
@maxeonsolar.
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 anticipated product launch
timing and our expectations regarding ramp, customer acceptance and
demand, market traction, upsell and expansion opportunities; the
Company's estimates of the size of new markets and the Company's
expectations of the timing and success of its expansion strategy in
existing and in new markets; the Company's expectations and plans
for short- and long-term strategy, including our anticipated areas
of focus and investment, market expansion, product and technology
focus and projected growth and profitability. 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.
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 20-F, particularly under
the heading "Item 3.D. Risk Factors." Copies of these filings are
available online from the SEC or on the Financials & Filings
section of our Investor Relations website at
https://corp.maxeon.com/financials-filings/sec-filings. 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.
© 2021 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.
Photo -
https://mma.prnewswire.com/media/1572786/AC_Energy_Solutions_FINAL.jpg
Logo -
https://mma.prnewswire.com/media/1275353/Maxeon_Logo_Open_Blue_RGB2_Logo.jpg