PR86364

SINGAPORE, Oct. 29, 2020 /PRNewswire=KYODO JBN/ --

-- Channel expansion to promote high-quality solar in fast growing markets

Maxeon Solar Technologies, Ltd., (NASDAQ:MAXN), a global leader in solar

innovation, today announced the launch of the SunPower Advantage Installer

Program, a new initiative designed to help fuel the momentum of solar in

certain rapidly growing European markets and to equip installers with tools to

meet increasing demand for premium residential and commercial solar. The

SunPower Advantage Installer Program has been introduced in Norway, Sweden,

Denmark, Poland, Portugal and Spain.

Photo -

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"Maxeon has a great history of developing strong sales channels throughout the

EMEA and APAC regions for over a decade," said Jeff Waters, CEO at Maxeon Solar

Technologies. "The new SunPower Advantage Installer Program is the result of

years of listening to installer needs, and it is just the first step in a wider expansion

strategy that will extend our downstream footprint in high-growth residential and

commercial markets".

The new initiative helps solar installers stay at the leading edge of technology and

innovation, growing their business through specialized education and supporting

the deployment of first-rate solar solutions.

The SunPower Advantage Installer Program includes:

   -- Specialized Training - Educational modules will be delivered through a

      virtual platform to ensure professional installers are able to capitalize

      on the highest SunPower brand standards and installation expertise to

      build new business;

   -- Expert Knowledge – A regular distribution of the latest news, technology

      and new product insights will allow installers to stay updated and ready

      to take advantage of market developments;

   -- Labour Reimbursement Program – Qualifying SunPower Advantage Installers

      will be eligible for our Labour Reimbursement Program, which offers a

      rebate payment to offset a portion of the service/labor costs incurred by

      the installer during panel replacements under warranty;

   -- Best-in-Class Reward System – Each time installers register their

      purchased modules through a scan app, they get points which are credited

      on their account, which can be redeemed for items in the SunPower

      Advantage Installer reward catalogue.

On completion of the specialized educational modules, installers are evaluated

on their technical knowledge and competence, with passing scores qualifying

them to proudly display the SunPower Advantage Installer badge.

"The SunPower Advantage Installer Program will enhance the already superior

customer experience and state-of-the-art installations that our installers

provide day in day out. A highly trained, qualified and expert installer

network is a key to customer peace of mind."

The SunPower Advantage Installer Program is free of charge to the installers.

More details are available here (https://c212.net/c/link/?t=0&l=en&o=2965880-1&h=4236411815&u=https%3A%2F%2Fsunpower.maxeon.com%2Fint%2Fsunpower-advantage-installer-program&a=here ) or on the SunPower Advantage Program website

(https://c212.net/c/link/?t=0&l=en&o=2965880-1&h=2104724203&u=https%3A%2F%2Fsunpower-advantage.com%2F&a=SunPower+Advantage+Program+website ).

About Maxeon Solar Technologies

Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change(TM).

Headquartered in Singapore, Maxeon designs and sells SunPower(R) brand solar

panels across more than 100 countries and is the leader in solar innovation

with access to over 900 patents and two best-in-class solar panel product

lines. With operations in Africa, Asia, Oceania, Europe and Mexico, Maxeon

products span the global rooftop and solar power plant markets through a

network of more than 1,100 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(TM) visit us at www.maxeon.com, on

LinkedIn (https://c212.net/c/link/?t=0&l=en&o=2965880-1&h=2086698543&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmaxeon%2F&a=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: (a) our plans and expectations for our

products and planned products, including the timing and scope of planned

launches and rollouts, and anticipated demand; (b) our expectations regarding

our industry and market factors, including anticipated demand and volume; (c)

our 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 SEC from

time to time, including our Form 20-F, which was declared effective by the SEC

on August 4, 2020, 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

www.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.

(C) 2020 Maxeon Solar Technologies, Ltd. All Rights Reserved. MAXEON is a

registered trademark of Maxeon Solar Technologies, Ltd. Visit

www.maxeon.com/trademarks for more information.

SOURCE: Maxeon Solar Technologies

CONTACT: Investor Contact: The Blueshirt Group, Gary Dvorchak, CFA,

gary@blueshirtgroup.com, Mobile: +1 (323) 240-5796, Skype: gdvorchak; or Media

Contact: Anna Porta, Anna.Porta@Maxeon.com, Mobile: +39 (345) 7706205