-- Solar Industry Leader Joins to Boost International Growth and Strengthen 
Partner and Customer Engagement Globally 

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar 
innovation, today announced a strategic addition to its executive management 
team with Mark Babcock joining the company as Chief Revenue Officer (CRO), 
effective immediately.

Photo - 
https://mma.prnewswire.com/media/1387653/Mark_Babcock_CRO_Maxeon_Solar_Technologies.jpg 


Reporting to CEO Jeff Waters, Babcock will be responsible for all revenue 
generating processes, accelerating the company's expansion strategy and 
international growth, and delivering the best experience to installation 
partners, distributors and customers globally. He will be also responsible for 
identifying new revenue opportunities and pioneering new markets for the 
company. In his role, Babcock will lead all market-facing/go-to-market 
functions.

"We are pleased to add an industry veteran of Mark's caliber to our talented 
leadership team," said Jeff Waters, CEO at Maxeon Solar Technologies. "Mark 
brings extensive experience managing international high-performing teams and 
building sales channels to drive sustainable growth. These proven skills and 
his deep solar industry knowledge will help Maxeon continue our global 
downstream growth trajectory."  

Babcock's management career spans over two decades with 15 years of VP-level 
experience. Before joining Maxeon Solar Technologies, he was Managing Partner 
at Eurogility, a market entry consultancy firm. Prior to that, Babcock held 
senior positions in the distributed generation solar businesses of Flex, 
SunEdison and SunPower, with regional and global responsibilities. He also 
covered management roles at Carrier Corporation and United Technologies Fire 
and Security. Babcock began his career at NationsBank (now Bank of America). 

"I am excited to join Maxeon at this pivotal stage of its evolution as an 
independent company and to work with such a passionate team to execute our 
strategy for growing the existing business in over 100 countries while 
expanding into new high-potential markets," commented Babcock. "I look forward 
to helping achieve Maxeon's compelling purpose by enabling our customers 
globally in Powering Positive Change." 

This appointment comes at a time of growth and expansion for Maxeon. In August 
the company became an independent public entity, spinning off from SunPower 
Corporation and being listed at NASDAQ. Babcock will be joining the growing 
Maxeon's team at its Singapore Headquarters.

With Mark Babcock joining the company, Jim Dawe, Vice-President Global Sales 
and Marketing of SunPower Corporation, will transition his responsibilities to 
Mark during the remainder of the year.

For more on the Maxeon's full leadership team, click here( 
https://c212.net/c/link/?t=0&l=en&o=3016010-1&h=1944317104&u=https%3A%2F%2Fwww.maxeon.com%2Fcompany%2Fmanagement-team&a=here 
).

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change(TM). 
Headquartered in Singapore, Maxeon designs, manufactures and sells SunPower® 
brand solar panels in more than 100 countries, operating the SunPower brand 
worldwide except the United States and Canada. The company is the a 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=3016010-1&h=108492943&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmaxeon%2F&a=LinkedIn 
) and on Twitter @maxeonsolar( 
https://c212.net/c/link/?t=0&l=en&o=3016010-1&h=2643491208&u=https%3A%2F%2Ftwitter.com%2FMaxeonSolar&a=%40maxeonsolar 
).

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 the timing and the company's expectations of 
success in its expansion strategy in existing and in new 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 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, Ltd. 


CONTACT: Investor Contact: The Blueshirt Group, Gary Dvorchak, CFA, 
gary@blueshirtgroup.com, Mobile: +1 (323) 240-5796; Media Contact: Anna Porta, 
Anna.Porta@Maxeon.com, Mobile: +39 (345) 7706205