NASDAQ-NMS:MAXN

Extremely Active Hurricane Forecast Highlights the Importance of Resilient Solar Power

Retrieved on: 
Thursday, May 2, 2024
PV, Weather, Hospital, Law enforcement, Colorado State University, Wind, Engineering, Face, Badia Spices, KV, Renewable energy

SINGAPORE, May 2, 2024 /PRNewswire/ -- Forecasters at Colorado State University have predicted an "extremely active," record-breaking Atlantic hurricane season, with the highest number of hurricanes ever predicted since the team began releasing forecasts in 1995. This raises concerns about power and electrical interruptions that could severely impact commercial operations for business and mission-critical services provided by hospitals, fire departments, law enforcement, and other first responders.

Key Points: 
  • Maxeon Solar Technologies (NASDAQ: MAXN), a global leader in solar innovation and channels, believes that solar power systems can provide the resilience and reliability needed to keep energy flowing during the most challenging conditions.
  • "We believe in the importance of designing for remote and harsh conditions, with the highest standard of quality and resiliency for high-velocity hurricane zones and coastal exposure."
  • This 3.24 MWp installation is the largest private solar project and the largest commercial rooftop project in the state.
  • For more information on resilient solar energy solutions for commercial and industrial installations, visit www.saltenergy.com and www.maxeon.com .

Maxeon Solar Technologies to Release Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024

Retrieved on: 
Tuesday, April 30, 2024

SINGAPORE, April 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024.

Key Points: 
  • SINGAPORE, April 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024.
  • The earnings press release and supplemental financial information will be available on the Investor Relations section of Maxeon's website at: https://corp.maxeon.com/investor-relations .
  • The Company will also hold a conference call on May 15, 2024, at 5:00 PM U.S.
  • ET / May 16, at 5:00 AM Singapore Time, to discuss results and provide an update on the business.

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit Against Hanwha Q CELLS

Retrieved on: 
Monday, April 22, 2024
Investment, Hanwha Q Cells, IBC, Research, Canadian Solar, Patent, Associate, Renewable energy

SINGAPORE, April 22, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Hanwha Q CELLS, alleging their infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.

Key Points: 
  • SINGAPORE, April 22, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Hanwha Q CELLS, alleging their infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.
  • Maxeon's leadership in solar technology is the result of nearly 40 years of research of development and over half a billion dollars of investment since 2007, leading to major advances in solar cell and panel efficiency, performance, and cost.
  • The Company has a global patent portfolio of over 1,650 granted patents and more than 330 pending patent applications protecting the innovations underpinning its IBC (Interdigitated Back Contact), Shingled Hypercell, and TOPCon technologies.
  • "In November 2023, Maxeon initiated a TOPCon patent infringement investigation in the United States, and this lawsuit against Hanwha Q CELLS, along with recent similar actions against Canadian Solar, Inc. and REC Solar Holdings AS, are results of that investigation," said Marc Robinson, Maxeon's Associate General Counsel.

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit Against REC Solar Holdings AS

Retrieved on: 
Friday, April 19, 2024
IBC, Intellectual property, Associate, Patent, Renewable energy

SINGAPORE, April 19, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against REC Solar Holdings AS, alleging its infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.

Key Points: 
  • SINGAPORE, April 19, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against REC Solar Holdings AS, alleging its infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.
  • Maxeon has a global patent portfolio of over 1,650 granted patents and more than 330 pending patent applications protecting the innovations underpinning its IBC (Interdigitated Back Contact), Shingled Hypercell, and TOPCon technologies.
  • "Intellectual property infringement sits alongside injurious dumping and subsidy-driven excess global production capacity as an unfair trade practice that distorts markets and tilts what should be a level playing field for global solar manufacturing," said Marc Robinson, Maxeon's Associate General Counsel.
  • "Maxeon strongly supports fair competition and will continue to vigorously enforce the Company's patent rights in the United States and its other markets."

Australian Crisis Support Center Conserves Critical Resources with Help from Maxeon

Retrieved on: 
Wednesday, April 17, 2024
SunPower, KDEC, Solar energy, Electricity, Carbon, Suicide, Lifeline, Organization, Renewable energy

SINGAPORE, April 17, 2024 /PRNewswire/ -- As part of its worldwide "Maxeon Gives" initiative, Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that the Lifeline Albury Wodonga crisis support center in New South Wales, Australia has installed a new solar PV system donated by Maxeon. The installation includes the Company's Performance Line solar panels as well as a SunPower Reserve all-in-one energy storage system. The Maxeon Gives program donates the Company's solar solutions to communities and organizations around the world as part of its commitment to ensure access to innovative, affordable, reliable, and sustainable energy for all.

Key Points: 
  • It is rewarding to see the impact our Maxeon Gives initiative is having for people and organizations around the world.
  • Lifeline provides critical services 24 hours a day, 365 days a year including confidential, one-to-one phone counseling.
  • Operating a 24/7 support center generates a significant annual electricity bill which can now be dramatically reduced by harnessing the power of the sun.
  • By reducing our energy bills, we can free up additional resources to continue delivering critical suicide prevention services, training more crisis support staff and helping more people in need."

Maxeon Introduces New SunPower Performance 7 Solar Panels with Cradle to Cradle Certification

Retrieved on: 
Thursday, April 11, 2024
Carbon, SunPower, Topcon, Certification, Cradle-to-cradle design, Renewable energy, Snow, Wind, LEED, C2C, Temperature, Recycling

SINGAPORE, April 11, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, has once again raised the bar for the solar industry with its new line of SunPower Performance 7 solar panels designed for distributed generation (DG) projects. Performance 7 panels feature unique cell design and circuitry combined with quality materials to deliver outstanding energy production and reliability, and are Maxeon's latest product to be Cradle to Cradle Certified™ for their exceptional sustainability by the Cradle to Cradle Products Innovation Institute.

Key Points: 
  • SunPower Performance 7 solar panels feature the latest generation of Maxeon's patented TOPCon cell technology in a shingled-cell design.
  • Performance 7 solar panels have also been engineered for more effective shade management, mitigation of hotspots and cooler cell temperatures than standard panels.
  • "Maxeon has built a strong patent portfolio over nearly four decades of innovation and this is delivering exceptional value to solar customers with our new SunPower Performance 7 products," said Bill Mulligan, CEO of Maxeon.
  • As a result, Performance 7 solar panels are offered with an improved, best-in-class 30-year Power, Product and Service warranty – more comprehensive than standard solar panel warranties.

Maxeon Introduces New SunPower Performance 7 Solar Panels with Cradle to Cradle Certification

Retrieved on: 
Thursday, April 11, 2024
Carbon, SunPower, Topcon, Certification, Cradle-to-cradle design, Renewable energy, Snow, Wind, LEED, C2C, Temperature, Recycling

SINGAPORE, April 11, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, has once again raised the bar for the solar industry with its new line of SunPower Performance 7 solar panels designed for distributed generation (DG) projects. Performance 7 panels feature unique cell design and circuitry combined with quality materials to deliver outstanding energy production and reliability, and are Maxeon's latest product to be Cradle to Cradle Certified™ for their exceptional sustainability by the Cradle to Cradle Products Innovation Institute.

Key Points: 
  • SunPower Performance 7 solar panels feature the latest generation of Maxeon's patented TOPCon cell technology in a shingled-cell design.
  • Performance 7 solar panels have also been engineered for more effective shade management, mitigation of hotspots and cooler cell temperatures than standard panels.
  • "Maxeon has built a strong patent portfolio over nearly four decades of innovation and this is delivering exceptional value to solar customers with our new SunPower Performance 7 products," said Bill Mulligan, CEO of Maxeon.
  • As a result, Performance 7 solar panels are offered with an improved, best-in-class 30-year Power, Product and Service warranty – more comprehensive than standard solar panel warranties.

Maxeon Solar Technologies Announces Preliminary Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Monday, April 8, 2024
Tax, Forecasting, Acquisition, Nature, Loss, Adjustment, Note, Depreciation, GAAP, IBC, Insurance

Non-GAAP operating expenses is defined as operating expenses excluding stock-based compensation and restructuring charges and fees.

Key Points: 
  • Non-GAAP operating expenses is defined as operating expenses excluding stock-based compensation and restructuring charges and fees.
  • We also use these non-GAAP measures internally to assess our business, financial performance and current and historical results, as well as for strategic decision-making and forecasting future results.
  • Given our use of non-GAAP measures, we believe that these measures may be important to investors in understanding our operating results as seen through the eyes of management.
  • This is excluded from our Adjusted EBITDA financial measure as it is non-recurring and not reflective of ongoing operating results.

Maxeon Appoints Vikas Desai as Chief Commercial Officer

Retrieved on: 
Monday, April 1, 2024
Solar energy, Market, SunEdison, Acquisition, Software, Vikas, SunPower, Ecosystem, Sales

SINGAPORE, April 1, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the appointment of Vikas Desai as Chief Commercial Officer, effective immediately.

Key Points: 
  • SINGAPORE, April 1, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the appointment of Vikas Desai as Chief Commercial Officer, effective immediately.
  • Desai joined Maxeon in October last year, as part of the Solaria asset acquisition and will now be responsible for the Company's global go-to-market and customer-facing functions.
  • "Vikas is a respected solar industry veteran with an extensive track record of creating trusted partnerships that drive successful channel growth and deliver enhanced value to customers and partners," said Bill Mulligan, Maxeon CEO.
  • He came to Maxeon with the Company's acquisition of assets from Complete Solaria in October 2023, where he had served as President.

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit

Retrieved on: 
Monday, March 25, 2024
Associate, Invention, Canadian Solar, Patent

SINGAPORE, March 25, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Canadian Solar, Inc., alleging infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.

Key Points: 
  • SINGAPORE, March 25, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has initiated a patent infringement lawsuit in the Eastern District of Texas against Canadian Solar, Inc., alleging infringement of Maxeon patents relating to TOPCon (Tunnel Oxide Passivated Contact) solar cell technology.
  • The innovations behind Maxeon IBC, Shingled Hypercell, and TOPCon technologies are protected by a global patent portfolio of over 1,650 granted patents and over 330 pending patent applications.
  • "Maxeon has a strong heritage in developing solar cell technology, leading the development and commercialization of tunnel oxide passivated contacts," said Marc Robinson, Associate General Counsel at Maxeon.
  • Maxeon has many patents related to TOPCon technology, with inventions drawn to fundamental TOPCon solar cell architectures dating back to the 2000s.