-- A New Flexible and Open Solution Introducing Actionable Home Energy Insights 
and Battery Storage to Help Homeowners Optimize Their Clean Energy Investment

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar 
innovation and channels, today unveiled the SunPower One integrated home energy 
solution, which will be based on a flexible ecosystem of products and services, 
including Maxeon's market-leading solar panels, as well as battery storage and 
actionable household energy insights. Built upon a 35+ year history of solar 
energy industry leadership, Maxeon's SunPower One solution enables consumers to 
take control of their domestic energy consumption.

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

"Maxeon's purpose is "Powering Positive Change", and we are continuing to 
achieve that by combining a home energy management solution with our industry 
leading solar panels. By simplifying the adoption of clean energy, we can help 
our customers accelerate the energy transition," said Jeff Waters, CEO of 
Maxeon Solar Technologies. "We expect the SunPower One solution will reimagine 
and revolutionize the consumer experience Beyond the Panel, keeping homeowners 
informed with actionable energy insights within their household, helping make 
their homes more efficient and more sustainable."

Designed to be intuitive and engaging, the Maxeon's SunPower One solution goes 
beyond simple monitoring to proactively advise homeowners on ways to optimize 
their energy usage. Over time, it learns about a homeowner's pattern of 
electricity consumption and suggests strategies to drive further energy bill 
savings. For example, SunPower One can identify "always on" devices in the home 
that are worth switching off to reduce energy consumption during periods of 
high electricity prices. It can also expose malfunctioning appliances that may 
need a repair or replacement based on their abnormal electricity signals. And, 
most importantly, with the appropriate products, it can enable smart use cases 
that increase self-consumption, such as charging an electric vehicle with 
excess solar production and running dishwashers or heating and cooling systems 
at optimal times.  

At launch, Maxeon's SunPower One will be exclusively packaged with Maxeon's new 
SunPower Reserve all-in-one storage offering. Over this year, the Maxeon's 
SunPower One ecosystem will grow and incorporate additional products in 
categories like electric vehicle charging, as well as software integrations and 
value-added services designed to expand the customer experience.

Maxeon's SunPower One also furthers the company's commitment to its installers' 
end-to-end business success by surfacing new opportunities uncovered by their 
end-customers' household insights, such as offering products and services to 
help drive further energy savings. In addition, SunPower One provides an 
installer-specific digital environment to facilitate the effective sales and 
installation of the solution. With one simple account, installers will have 
access to intuitive next-generation quoting and design tools, agile accessible 
marketing and training, and automated digital processes to simplify both their 
own and the end-customer's experience. Maxeon's SunPower One is expected to 
enhance the installer's role as a trusted advisor, fostering a long-term 
relationship between the parties as the homeowner's needs evolve. 
  
Promoting the differentiation that SunPower One brings to the market, Ralf 
Elias, Chief Product Officer at Maxeon Solar Technologies, said, "We have the 
freedom to think outside the box and leverage next-generation technologies to 
leapfrog the traditional offerings on the market today. Our customers are our 
north star, and we will continue to prioritize solving their pain points." 
Looking toward the future, he added, "SunPower One's open and flexible 
ecosystem will grow over time. We are eager to welcome new partnerships with 
category leaders across the industry that will help empower our end-customers 
to drive more energy savings."

The new Maxeon's SunPower One home energy solution will be available to 
installers and end users in Australia in the third quarter of 2022, and will be 
rolled out to other markets and customers globally, except for the United 
States and Canada, during the remainder of 2022 and beyond. SunPower One will 
be presented to the public during Intersolar Europe, on May 11-13, at Maxeon's 
booth A3.274.

For more information, visit 
www.corp.maxeon.com/sunpower-one-ecosystem-announcement.

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=3527230-1&h=2084242754&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=3527230-1&h=3889955909&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 anticipated product and service launch timing 
and our expectations regarding ramp, customer acceptance and demand, market 
traction, upsell and expansion opportunities; the company's expectations of the 
timing and success of its product offering strategy in existing and new 
markets; the company's expectations and plans for short- and long-term 
strategy, including our anticipated areas of focus and investment, market 
expansion and product and technology focus. 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 
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. 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

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