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SunPower Honored With San Jose Mayoral Business Commendation
Company Recognized for its Rapid Success and Contributions to the Local Economy

SAN JOSE, Calif., Oct 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of the world's highest efficiency, commercially available solar cells and solar panels, today announced that it will receive a Mayoral Business Commendation from San Jose's Mayor Ron Gonzales at today's City Council meeting. The company is being recognized for its rapid success and outstanding contributions to the City's economy.

"SunPower is honored to be recognized in this way by the City of San Jose and Mayor Ron Gonzales," said Tom Werner, CEO of SunPower Corporation. "We look forward to growing the company, contributing to the San Jose economy, and offering our neighbors a great opportunity to put solar on their roofs today."

SunPower moved its corporate headquarters from Sunnyvale, Calif., to San Jose in April 2006 to accommodate its rapid expansion. The site is home to its North American operations and a state-of-the-art research and development lab. Since moving to San Jose, the company has launched new products, completed a successful follow-on public offering, and announced greater than 30 percent sequential quarterly revenue growth in the second quarter of 2006.

"As a solar energy technology leader, SunPower is a natural fit for San Jose and our strong commitment to support innovation, business growth and job creation," said San Jose Mayor Ron Gonzales. "We're delighted the company chose San Jose for its global headquarters, and we'll do all we can to help SunPower achieve success that will provide competitive alternatives to conventional energy sources."

About SunPower

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 Statement

Statements made in this release that are not historical in nature and that refer to SunPower's plans and expectations for the future, are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. We use words such as "estimates," "anticipates," "believes," "expects," "future," "look forward," "planning," "intends" and similar expressions to identify such forward-looking statements. Our actual results may differ materially due a variety of factors, including but not limited to the risks identified in our filings with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to SunPower as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statement.

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 Corporation

Julie Blunden, Vice President External Affairs, +1-408-240-5577, or Helen Kendrick,
Communications Manager, +1-408-240-5585, both of SunPower Corporation


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