Maxeon Solar Technologies, Ltd. ("Maxeon") (NASDAQ:MAXN) and Canadian Solar 
Inc. ("Canadian Solar") (NASDAQ: CSIQ) announced today that the companies have 
reached a settlement agreement resolving a patent infringement lawsuit in Tokyo 
District Court, Japan. The patent infringement lawsuit alleged Canadian Solar 
Japan infringed Maxeon's Japan Patent No. JP6642841B2 ("Shingled Solar Cell 
Module").

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

Pursuant to the terms of the settlement agreement, Canadian Solar has agreed to 
withdraw challenges to Maxeon's Patent. Canadian Solar has also agreed to 
discontinue selling shingled solar cell solar modules in Japan until the second 
calendar quarter of 2025 after satisfying certain outstanding 2022 orders. 
Further details of the settlement are confidential.

About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change(TM). 
Headquartered in Singapore, Maxeon designs and manufactures Maxeon(R) and 
SunPower(R) brand solar panels, and has sales operations in more than 100 
countries, operating under the SunPower brand in certain countries outside the 
United States. The company is a leader in solar innovation with access to over 
1,000 patents and two best-in-class solar panel product lines. Maxeon products 
span the global rooftop and solar power plant markets through a network of more 
than 1,400 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=3510245-1&h=1722164292&u=https%3A%2F%2Fapc01.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3428533-1%2526h%253D1616265340%2526u%253Dhttps%25253A%25252F%25252Fwww.linkedin.com%25252Fcompany%25252Fmaxeon%25252F%2526a%253DLinkedIn%26data%3D04%257C01%257CAnna.Porta%2540Maxeon.com%257C2ebbf96999e14011994408d9ec31794d%257Cac8a6e24a7604d82ac1bf51cb55a9227%257C1%257C0%257C637800519502191758%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C3000%26sdata%3DlbXq5stpp52d2mytmrmgLl%252FsS8ID0TjkNFQS%252BgTHoCM%253D%26reserved%3D0&a=LinkedIn 
) and on Twitter @maxeonsolar ( 
https://c212.net/c/link/?t=0&l=en&o=3510245-1&h=3880364185&u=https%3A%2F%2Fapc01.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3428533-1%2526h%253D4222697851%2526u%253Dhttps%25253A%25252F%25252Ftwitter.com%25252FMaxeonSolar%2526a%253D%252540maxeonsolar%26data%3D04%257C01%257CAnna.Porta%2540Maxeon.com%257C2ebbf96999e14011994408d9ec31794d%257Cac8a6e24a7604d82ac1bf51cb55a9227%257C1%257C0%257C637800519502191758%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C3000%26sdata%3DlSYUqTXgDm%252FC9%252FoS5113u7eq9z16NzNibwwsl4MYoME%253D%26reserved%3D0&a=%40maxeonsolar 
).

About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest 
solar technology and renewable energy companies. It is a leading manufacturer 
of solar photovoltaic modules, provider of solar energy and battery storage 
solutions, and developer of utility-scale solar power and battery storage 
projects with a geographically diversified pipeline in various stages of 
development. Over the past 20 years, Canadian Solar has successfully delivered 
around 67 GW of premium-quality, solar photovoltaic modules to customers across 
the world. Likewise, since entering the project development business in 2010, 
Canadian Solar has developed, built and connected over 6.3 GWp in over 20 
countries across the world. Currently, the Company has 0.5 GWp of projects in 
operation, nearly 6 GWp of projects under construction or in backlog 
(late-stage), and an additional 19 GWp of projects in pipeline (mid- to early- 
stage). Canadian Solar is one of the most bankable companies in the solar and 
renewable energy industry, having been publicly listed on the NASDAQ since 
2006. For additional information about the Company, follow Canadian Solar on 
LinkedIn ( 
https://c212.net/c/link/?t=0&l=en&o=3510245-1&h=2985579750&u=https%3A%2F%2Fapc01.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fcanadian-solar-inc-%252F%26data%3D04%257C01%257CAnna.Porta%2540Maxeon.com%257C1e7bcf93b8954e72c25708da1bc22435%257Cac8a6e24a7604d82ac1bf51cb55a9227%257C1%257C0%257C637852817918347126%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C3000%26sdata%3DFvgUw0rOx15S0iUIveJ84BppkGHMEl7hQ5hoCtgNWcg%253D%26reserved%3D0&a=LinkedIn 
) or visit www.canadiansolar.com.

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 continued validity of the Company's 
intellectual property rights, its ability to safeguard its intellectual 
property and the status of the Company's ongoing litigation. 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 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." 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 ( 
https://c212.net/c/link/?t=0&l=en&o=3510245-1&h=1863771344&u=https%3A%2F%2Fcorp.maxeon.com%2Ffinancials-filings%2Fsec-filings&a=https%3A%2F%2Fcorp.maxeon.com%2Ffinancials-filings%2Fsec-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) 2022 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.

Source - Maxeon Solar Technologies, Ltd.

CONTACT: Investor Contact: Robert Lahey, Robert.Lahey@maxeon.com, Mobile: +1 
(202) 2461-872; or Media Contact: Anna Porta, Anna.Porta@maxeon.com, Mobile: 
+39 345 7706205