-- 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 - 
https://mma.prnewswire.com/media/1323151/Maxeon_Solar_Technologies_SunPower_Advantage_Program.jpg 

Logo - 
https://mma.prnewswire.com/media/1275353/Maxeon_Logo_Open_Blue_RGB2_Logo.jpg 

"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