Maxeon Recognizes Outstanding Solar Partners at RE+ Clean Energy Event

Rhea-AI Summary

Maxeon Solar Technologies (NASDAQ: MAXN) honored three leading North American installers and dealers at RE+ 2024, the largest clean energy event in North America. The company recognized Solar Technologies, Solaris Renewables, and Rising Sun Solar as Outstanding Partners for their exceptional service and innovation in commercial and residential solar installations.

Maxeon added over 25 new partners in the U.S. market in Q2 2024, expanding its network of reputable dealers and installers. The company is showcasing its latest solar panels and solutions at RE+ booth D23045, including Maxeon IBC panels with over 24% efficiency and a 40-year warranty, and Performance line panels featuring TOPCon cell technology with a 30-year warranty.

Positive

• Added over 25 new partners in the U.S. market in Q2 2024
• Showcasing high-efficiency Maxeon IBC panels with over 24% efficiency
• Offering industry-leading 40-year warranty for IBC panels
• Introducing Performance line panels with TOPCon cell technology and 30-year warranty

Negative

• None.

ANAHEIM, Calif., Sept. 9, 2024 /PRNewswire/ -- RE+ 2024 -- Kicking off RE+ 2024, the largest clean energy event in North America today, Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, honored three leading North American installers and dealers as Outstanding Partners providing exceptional service and innovation to commercial and residential solar customers. These include Solar Technologies, Solaris Renewables and Rising Sun Solar. Maxeon is engaging with new and existing partners and showcasing its latest solar panels and solutions at RE+ booth D23045, September 10-12.

With more than 25 new partners added in the U.S. market in the second quarter of 2024 alone, Maxeon is selectively expanding its network of reputable dealers and installers who prioritize superior solar products and exceptional customer service, marked by quality and integrity. This ensures that businesses and homeowners selecting Maxeon can trust that the dealers and installers involved in the sale and installation of their system are highly skilled, perform their tasks impeccably, and remain available for support even after the project's completion.

"Maxeon's partner program is focused on creating a reliable network of installers and dealers dedicated to maintaining the highest standards," said Vikas Desai, Maxeon's Chief Commercial Officer. "At RE+ we are taking the opportunity to recognize some of these exceptional partners who are leading the transition to clean energy. By equipping them with distinctive product offerings that enable both higher profitability and superior customer satisfaction, we facilitate their continued success and ability to delight customers with unmatched solar solutions and our industry-leading warranty."

• Founded in 1998, Solar Technologies has installed hundreds of thousands of solar panels and over 6,000 solar energy systems for businesses and organizations in California, including large installations for Oracle and Comcast. Solar Technologies was previously a leading SunPower Corporation U.S. dealer and installer, earning multiple dealer of the year accolades. Now as a Maxeon Commercial Partner, Solar Technologies enjoys preferred access to Maxeon's high efficiency modules featuring unequalled reliability, durability, efficiency, and exceptional ESG credentials, along with comprehensive support, training, and marketing benefits. z
• Solaris Renewables was a former SunPower Elite partner and has over 12 years of experience selling and installing Maxeon solar panels, Having built or serviced thousands of installations across the New England region, this award-winning, full-service installer is growing its business designing and building solar systems by leveraging leading-edge, dependable and proven technology combined with its customer-centric, community-based approach.
• For over three decades Rising Sun Solar has been at the forefront of solar panel installations across Hawaii. Founded in 1986, Rising Sun provides alternative energy solutions to residents and businesses on Maui, Kauai, Big Island, and Oahu, and has the experience and knowledge to provide the best alternative energy services and products available in the islands.

At RE+, Maxeon is highlighting its industry-leading solar panels and solutions including Maxeon IBC (Interdigitated Back Contact) solar panels pioneering the future of PV technology, and its Performance line solar panels. Maxeon IBC panels produce 2X more energy over time than other solar panels, with over 24% efficiency and superior shade tolerance, and feature an industry-leading 40-year power, product, and service warranty.

Maxeon's Performance line panels feature high efficiency TOPCon cell technology offering solar customers improved aesthetics, increased mono or bifacial energy generation, and a lower temperature coefficient for enhanced output in high-temperature environments. This new line of panels also features a robust 30-year power, product, and service warranty.

For more information on solar energy solutions for commercial and residential installations, visit https://maxeon.com/us/.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon leverages over 35 years of solar energy leadership and over 1,900 patents to design innovative and sustainably made solar panels and energy solutions for residential, commercial, and power plant customers. Maxeon's integrated home energy management is a flexible ecosystem of products and services, built around the award-winning Maxeon^® and SunPower^® branded solar panels. With a network of more than 1,700 trusted partners and distributors, and more than one million customers worldwide, the Company is a global leader in solar. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, on LinkedIn and on Twitter/X @maxeonsolar.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding our existing partnerships; our expectations regarding partner support, customer acceptance and demand, market traction, opportunities in existing and new markets; our expectations regarding the appeal, utility, efficiency and environmental and sustainability benefits of our product offering; our technology outlook and future performance and the company's expectations of the timing and success of its product offering strategy in existing markets. 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." and our report on Form 6-K furnished with the SEC on September 3, 2024. 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.

©2024 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.

 

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SOURCE Maxeon Solar Technologies, Ltd.

FAQ

What new products is Maxeon Solar Technologies (MAXN) showcasing at RE+ 2024?

Maxeon is showcasing its Maxeon IBC solar panels with over 24% efficiency and a 40-year warranty, as well as its Performance line panels featuring TOPCon cell technology with a 30-year warranty.

How many new partners did Maxeon Solar Technologies (MAXN) add in Q2 2024?

Maxeon added over 25 new partners in the U.S. market in the second quarter of 2024.

Which companies did Maxeon Solar Technologies (MAXN) recognize as Outstanding Partners at RE+ 2024?

Maxeon honored Solar Technologies, Solaris Renewables, and Rising Sun Solar as Outstanding Partners at RE+ 2024 for their exceptional service and innovation in commercial and residential solar installations.

What is the efficiency of Maxeon Solar Technologies' (MAXN) IBC solar panels?

Maxeon's IBC solar panels have an efficiency of over 24%.