SunPower Adds Innovative New Solar Panel Product Line, Enhancing Reach to New Customer Segments and Global Markets

Nov 12, 2015, 07:30 ET from SunPower Corp.

SAN JOSE, Calif., Nov. 12, 2015 /PRNewswire/ -- SunPower today announced the development of a new line of solar panels that it will market under the Performance Series product name.  The new products utilize a proprietary manufacturing process to assemble conventional silicon solar cells into panels with increased efficiency and reliability compared with conventional panels.  Designed to target a new set of customer segments and global markets, the Performance Series panels will be available in all three of SunPower's segments – residential, commercial and power plants – later next year.

"Our new line of Performance Series products continue the SunPower tradition of higher efficiency, superior reliability and enhanced aesthetics compared with conventional panels, all in a lower priced product configuration," said Tom Werner, president and CEO of SunPower.  "Together with our best-in-class E-Series and X-Series back-contact panels, we are expanding our product line to offer customers a wider range of product choice and increase our reach to additional markets, further enhancing company growth." 

The Performance Series product line is an outgrowth of technology developed by Fremont, CA-based Cogenra Solar, which SunPower acquired earlier this year.  Over the space of several years, Cogenra developed and extensively tested a novel cell interconnect technology which eliminates the need for the soldering and copper ribbons that are a major cause of power loss and degradation in conventional panels. 

"SunPower's new Performance Series is a powerful combination of Cogenra's innovative cell interconnect technology, with more than 30 patents issued and pending, together with our extensive solar panel intellectual property, manufacturing experience and scale," Werner said. "These new products will provide our customers with up to 15 percent more power than conventional panels with improved reliability and shade tolerance."

The above announcement was made during SunPower's Analyst Day in New York.  More information about SunPower's new Performance Series is posted in a blog.

About SunPower

As one of the world's most innovative and sustainable energy companies, SunPower Corp. (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, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

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SOURCE SunPower Corp.



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