HANOVER, Germany, and SAN JOSE, Calif., April 26, 2016 /PRNewswire/ -- AT&T* and SunPower have entered into an agreement that brings Internet of Things (IoT) technology to SunPower's newest home energy solution — SunPower Equinox™. The companies will also collaborate on co-marketing efforts to offer a SunPower® home solar system to qualified AT&T customers this summer.
SunPower recently released its SunPower Equinox system to homeowners in the U.S. SunPower calculates that its solution delivers 70 percent more energy over 25 years with 70 percent fewer visible parts compared to conventional solar. Over the next two years, AT&T and SunPower expect to wirelessly connect at least 100,000 solar electric systems in the U.S. providing customers with reliable access to system performance through AT&T's IoT capabilities. The technology collaboration is designed to reduce onsite homeowner visits by allowing SunPower to wirelessly support solar power systems as needed and in near real-time.
"Our IoT solutions help customers remotely monitor cargo, homes, vehicles, containers and also —solar panels," said Mike Troiano, vice president, Internet of Things, AT&T. "Connectivity is changing how companies operate. We're thrilled SunPower chose us to give them near real-time insights into how their solar energy solutions are performing for their customers and the tools to help manage them remotely."
"Through this IoT collaboration and innovative marketing with AT&T, we are making solar even more mainstream," said Howard Wenger, SunPower president, business units. "The SunPower Equinox system is already a game changer for home solar, offering our customers unbeatable power, long-term performance and curb appeal. Now by incorporating AT&T IoT technology into SunPower's solar energy solutions, we are enabling a future of solar energy management that is reliable, simple, and cost-effective."
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
Cautionary Language Concerning Forward-Looking Statements Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
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, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
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, estimates regarding the future performance and reliability of our products and development plans. 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: (1) our ability to obtain additional financing for our projects and our customers; (2) regulatory changes and the availability of economic incentives promoting use of solar energy; (3) the success of our ongoing research and development efforts and our ability to commercialize new products and services, including products and services developed through strategic partnerships; (4) fluctuations or declines in the performance of our solar panels and other products and solutions; and (5) other risks discussed 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.