- Australia's first factory-integrated AC Module ready to change the 
residential solar system paradigm

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar 
innovation operating the SunPower brand worldwide except the United States and 
Canada, today announced that the new Maxeon 5 AC Module is immediately 
available through its authorised partner channel in Australia. The new Maxeon 5 
AC Module is the first module to offer a factory-integrated microinverter to 
enhance safety and increase reliable energy production for Australian 
homeowners.

Photo - https://mma.prnewswire.com/media/1430444/Maxeon_5_AC_Module_2.jpg  
Logo - 
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"Australians are smart consumers who want their home solar systems to be 
powerful and reliable," said Chris O'Brien, Vice President and Managing 
Director of Australia at Maxeon Solar Technologies. "Thanks to the new Maxeon 5 
AC Module, we are offering Australia's most powerful residential module 
integrated with an individual microinverter, fully wrapped with Australia's 
strongest 25-year product warranty. This system provides homeowners with 
enhanced performances to maximise their savings."

The new Maxeon 5 AC Module will provide Maxeon's partners with the advantages 
of improved capital management, through simplified logistics and operations and 
accelerated design cycles. For homeowners this advanced solar solution can 
provide up to 50% more energy than conventional solar systems over 25 years, 
with superior output in real-world conditions.

"The new Maxeon 5 AC Module offers a greater value proposition to homeowners, 
ensuring long-term performance and reliability and combined 25-year warranties 
that will stand the test of time," commented Trent Amber, Director of AG Solar, 
Australia. "The AC architecture allows each customer to receive a custom 
designed system that will easily allow expansion or storage if their energy 
needs grow or change in the future."

"This exceptional concept delivers maximum power production regardless of the 
type, size or shape of the roof," said Kurt Pamvouxoglou, Director of City to 
Surf Solar. "A simplified system design combined with the flexibility and 
ease-of-installation of the new Maxeon 5 AC Module makes it an optimal solution 
for the Australian solar market. We are excited about offering Maxeon 5 AC 
Modules to our customers."

"Maxeon continues to execute on its product expansion strategy, delivering 
state-of-the-art products that have innovation ingrained in their DNA," 
complemented O'Brien. "With the introduction of Australia's first ever 
factory-integrated AC module, we believe this is the future of residential 
solar. This module technology will shift the paradigm of home solar and will 
provide Australians with the peace of mind they are looking for when investing 
in a high-quality photovoltaic system."

For more information, visit 
https://sunpower.maxeon.com/au/solar-panel-products/sunpower-maxeon-5-ac-module.

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 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=3053737-1&h=2967207621&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=3053737-1&h=725417922&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 availability, safety, cost 
competitiveness, estimated energy production, and other benefits of our Maxeon 
5 AC Modules independently and as related to other competitive systems. 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) 2021 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 OR Media Contact: Anna 
Porta, Anna.Porta@Maxeon.com, Mobile: +39 (345) 7706205