MILAN, Italy, Sep. 4, 2007 /PRNewswire/ -- At the European Photovoltaic Solar Energy Conference and Exhibition this week, SunPower Corp. (NASDAQ: SPWR), a US-based manufacturer of high-efficiency solar cells, solar panels and solar systems, is launching a range of solar products and systems for the Italian residential, commercial and solar power plant markets.
For homeowners, SunPower is introducing a 220-watt, all-black solar panel, featuring the highest efficiency available for residential applications. "Homeowners in Italy are accustomed to a very high design standard when it comes to products for their homes," said Peter Aschenbrenner, vice president of marketing at SunPower. "Our products' combination of exceptional performance and uniquely attractive appearance is particularly well suited to Italian market requirements."
For commercial use, SunPower is launching its T10 Solar Roof Tile, a patented lightweight system that is tilted at an approximate 10-degree angle to enhance energy capture over flat panel systems. "The T10 Solar Roof Tile does not require roof penetration and interlocks for secure, rapid installation," said Aschenbrenner. "While made of durable, lightweight materials, the T10's patented design resists high winds and corrosion, and adapts to the size and requirements of most flat rooftops and select ground sites. The T10 product has been in use in the U.S. since 2005; most recently, customers such as Shiseido and Wal-Mart Stores, Inc. have selected it for their rooftop solar power systems."
For solar power plant projects, SunPower is introducing the SunPower Tracker, a single-axis solar tracking system that tilts at up to 25 degrees to track the sun throughout the day. The Tracker delivers up to 30 percent more energy than fixed-tilt systems while reducing required land area and installation cost. Pre-assembled systems substantially reduce installation time and the single-axis technology provides more reliability, less maintenance and better wind resistance than conventional dual-axis tracking systems.
"Italy is taking a leadership position in Europe in promoting the use of clean, reliable solar power, and the country's demand for solar is expected to grow tremendously," said Aschenbrenner. "Offering the highest efficiency products and systems on the commercial market today, SunPower is poised to assist Italy's businesses and homeowners in maximizing the advantages of this renewable energy resource."
All of SunPower products introduced this week in Italy are also available in Spain and Germany, and will soon be available in additional European countries.
For more information, visit the SunPower stand (Hall 16/C4) at the European Photovoltaic Solar Energy Conference and Exhibition this week in Milan, or visit the company's website at www.sunpowercorp.com.
SunPower Corporation (NASDAQ: SPWR) designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. For more information, visit www.sunpowercorp.com. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).
Forward Looking Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts. We use words such as "expected," "will" and similar expressions to identify forward-looking statements. Forward-looking statements in this press release include, but are not limited to, expectations regarding the future growth Italy's demand for solar, and the future availability of SunPower products described in this press release in other European countries. Actual results may differ materially due to a variety of uncertainties and risk factors, including but not limited to risks associated with (i) our ability to obtain adequate supply of polysilicon, ingots and wafers to manufacture our products as we expect and the price we pay for such materials; (ii) the price and availability of cells and solar panels; (iii) business and economic conditions and growth trends in the solar power industry generally, and in Italy and other European countries in particular; (iv) the continuation of governmental and related economic incentives promoting the use of solar power; (v) our ability to anticipate consumers' desires and design new products that incorporate feature sets that are attractive to our customers, and (v) other risks described in our Quarterly Report on Form 10-Q for the quarter ended July 1, 2007, and other filings with the Securities and Exchange Commission. You should not place undue reliance on such forward- looking statements. You should also carefully review reports that we file with the Securities and Exchange Commission. Except as required by law, we assume no obligation to update any such forward-looking statements.
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.
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