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SunPower Names John Rodman as Its Corporate Controller
Financial Veteran Joins Growing Solar Company to Lead All Accounting Functions

SUNNYVALE, Calif., Jan. 17, 2006  /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), a Silicon Valley-based manufacturer of the world's highest efficiency, commercially available solar cells and solar panels, today announced that John Rodman has joined the company as vice president, corporate controller, reporting to the CFO. In this capacity, Rodman will oversee all accounting and financial reporting for the company.

"SunPower has begun operations as a public company and we expect rapid, substantial expansion of our operations," said Tom Werner, CEO of SunPower Corp. "As an 18 year veteran of high-tech companies, John will help guide the company as we grow SunPower to take advantage of strong customer demand for solar power. We welcome him as an integral member of the SunPower team."

Rodman has served in a variety of public companies during his career. Most recently, he was the vice president and corporate controller for ZiLOG, Inc., where he was responsible for treasury management and investments, external SEC reporting and compliance, global risk management and income taxes. Rodman was also responsible for maintenance and oversight of ZiLOG's internal accounting control structure, general accounting, review of agreements and transactions, and support of investor relations activities. Prior to ZiLOG, Rodman was assistant corporate controller at Altera Corp., where he managed the company's general accounting department and financial systems.

About SunPower Corp.

SunPower Corp. designs and manufactures high-efficiency silicon solar cells and solar panels based on an all-back contact cell design. SunPower's solar cells and panels generate up to 50 percent more power per unit area than conventional solar technologies and have a uniquely attractive, all-black appearance. For more information on SunPower or solar technology, please visit the SunPower website at http://www.sunpowercorp.com/ . SunPower is a majority owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).

Forward-Looking Statements:

Statements made in this release that are not historical in nature and refer to our expectations for the future are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "may," "plans," "anticipates," "believes," "expects," "estimates," "intends" and similar expressions to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are not guarantees of our future performance or events and our actual results may differ materially due to a variety of factors, including but not limited to: the economic conditions and growth trends in the solar power industry, our ability to obtain an adequate supply of polysilicon to manufacture our products, production difficulties that could arise as well as the risk factors detailed in the Company's Form S-1 registration statement and other filings with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon the information available to SunPower as of the date of this release, which could change or not materialize as expected, and, except as required by law, we assume no obligation to update any such forward-looking statement. Such information speaks only as of the date of this release.

NOTE: SunPower is a registered trademark of SunPower Corp. Cypress is a registered trademark of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners.

SOURCE: SunPower Corp.

CONTACT: Julie Blunden, Vice President, External Affairs,

Web site: http://www.sunpowercorp.com/