SINGAPORE, May 18, 2021 /PRNewswire/ -- Maxeon Solar
Technologies, Ltd. (NASDAQ:MAXN) (the Company), a global leader in
solar innovation and channels, today announced the
commercialization of its new Maxeon Air™ technology platform. The
result of five years of research, development and testing, this new
technology platform enables the production of frameless, thin,
lightweight and conformable solar panels with efficiency and
performance equivalent to standard solar panels. Maxeon Air panels
will be featured in selected projects in Europe in the second half of 2021. General
product availability is scheduled to begin in the first quarter of
2022.
"The Maxeon Air technology platform continues our 35-year legacy
of solar panel technology innovation and once again demonstrates
the ability of our R&D team to develop leading edge, disruptive
technology," said Jeff Waters, CEO
of Maxeon Solar Technologies. "For close to fifty years, the solar
power industry has almost exclusively utilized glass superstrate
panel construction. As solar panels have increased in size, and the
cost of solar cells has been dramatically reduced, the cost of
transporting, installing and mounting large glass panels has become
a relatively larger portion of total system cost. With Maxeon Air
technology, we can now develop products that reduce these costs
while opening up completely new market opportunities such as
low-load commercial rooftops."
Maxeon Air solar panels are conformable, ultra-light,
robust and fire-certified panels that can be adhered directly to
the roof without the need for racking or other mounting systems.
The first product introduction using the technology will target
installation on roofs that are not engineered to support the weight
of conventional solar systems. In Europe alone, the Company estimates that there
is an unserved annual market for low-load roofs of over 4 GW.
Maxeon Air solar panels incorporate several innovative
features:
- Lightweight and conformable: No metal frame and no heavy
glass are used in the panel, and the adhesive mounting system
further reduces weight, as no racking is needed. The resulting
installed weight of around 6 kg/m² is less than half of
conventional systems and greatly reduces the rooftop load.
- Peel-and-stick design: The factory integrated adhesive
layer enables the installation of the solar panel directly on the
roof surface, without racking, anchors or ballast. This reduces
installation time and minimizes business disruption during
installation. Maxeon Air solar panels are optimally sized to
standard rooftop membrane width.
- Robust construction: Engineered to conform to uneven
roof surfaces, Maxeon Air solar panels integrate Maxeon® IBC solar
cells, which incorporate a solid metal foundation and stress
relieved cell interconnects, thereby protecting against corrosion
and enabling fault tolerant circuits that allow energy flow even
with cracked cells.
- Leading Energy Yield: Maxeon IBC solar cells are the
most efficient on the market. The resultant Maxeon Air solar panel,
with an efficiency of 20.9% combined with a low power temperature
coefficient, shade tolerance and wide spectral response, delivers
maximum energy yield from limited rooftop area.
- Hot spot resistance: Maxeon IBC solar cells have
the unique ability to share current in reverse bias voltage while
shaded, avoiding damaging or dangerous high temperatures. This
feature is particularly important when panels are adhered directly
to the rooftop.
- Certified: Engineered to the highest safety standards
and certified for fire resistance, Maxeon Air solar panels are
designed to resist the stresses imposed by installation and
long-term weather exposure.
"We are very pleased to introduce yet another groundbreaking
solar power innovation," commented Jeff
Waters. "In addition to the team's innovative development
work on the module design and materials, this new technology
platform is fundamentally enabled by our unique IBC cell technology
with its superior corrosion resistance and ability to bend without
harmful cracking. Perhaps as importantly, Maxeon's IBC module
technology has the unique ability to pass current while shaded,
continuing to produce power in conditions that would shut off other
panels. This feature, along with inherently low temperature
sensitivity ensures industry leading performance in all
conditions."
Waters continued, "In addition to enabling new markets such as
low-load commercial rooftops, we believe that our new Maxeon Air
technology platform has the potential to bring transformative
change to other solar power applications over time. Specifically,
we believe that the use of this thin, lightweight conformable
package technology could also enable breakthrough products for
residential rooftops, floating PV systems, and e-mobility. We are
excited by the innovation potential that we are unlocking with this
platform and are convinced that these new products will help drive
increased adoption of solar power and Powering Positive
Change."
Maxeon Air solar panel will be presented to the public during
"The Smarter E Industry Days", on July
21-23. Visit www.maxeon.com/air for more
information.
About Maxeon Solar Technologies
Maxeon Solar
Technologies (NASDAQ:MAXN) is Powering Positive Change™.
Headquartered in Singapore, Maxeon
designs and manufactures Maxeon® and SunPower® 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 1,200 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™
visit us at www.maxeon.com, on LinkedIn and on Twitter
@maxeonsolar.
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 the anticipated product launch
timing and our expectations regarding ramp, customer acceptance and
demand, market traction, upsell and expansion opportunities; the
Company's estimates of the size of new markets and the Company's
expectations of the timing and success of its expansion strategy in
existing and in new markets; the Company's expectations and plans
for short- and long-term strategy, including our anticipated areas
of focus and investment, market expansion, product and technology
focus and projected growth and profitability. 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
www.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.
© 2021 Maxeon Solar Technologies, Ltd. All Rights Reserved.
MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd.
Visit www.maxeon.com/trademarks for more
information.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/maxeon-solar-technologies-announces-maxeon-air-solar-panels-a-disruptive-technology-platform-301293729.html
SOURCE Maxeon Solar Technologies, Ltd.