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SunPower Names Robert Okunski as Senior Director of Investor Relations
SAN JOSE, Calif.

SAN JOSE, Calif., Mar. 12, 2008  /PRNewswire/ -- SunPower Corporation (NASDAQ: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Robert Okunski has joined the company as its senior director of investor relations. In this newly created role, Okunski is responsible for driving investor relations activities for SunPower.

Okunski brings a decade of experience in developing and executing global investor relations programs for high-tech companies in the semiconductor, software and Internet industries.

"A key element of our strategy is to recruit and retain the most talented people in order to successfully execute our long-term business plan," said Julie Blunden, vice president of public policy and corporate communications at SunPower. "As a leading public company in the solar industry, we must have the right infrastructure in place to meet the needs of our investors, and we are excited to have Bob join the SunPower team."

Prior to joining SunPower, Okunski was director of investor relations for Spansion Inc, a $2.5 billion leader in the Flash memory industry serving the top 10 handset, consumer electronics and automotive OEMs. During his tenure, he was responsible for investor relations activities relating to the company's IPO and the development of a global investor relations program. Previously, Okunski was vice president of investor relations for PeopleSoft prior to its acquisition by Oracle Corp. in 2004.

Okunski graduated from Colgate University with a bachelor's degree in political science and received his MBA degree from Moravian College.

About SunPower

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 http://www.sunpowercorp.com/. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).

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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SOURCE: SunPower Corporation

CONTACT:Sarahjane Sacchetti of Bite Communications,
+1-415-284-8230, Sarahjane.sacchetti@bitepr.com, for SunPower Corporation

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