Independent Power Systems Wins SunPower 'Intelegant Award for Excellence' in Residential...

Independent Power Systems Wins SunPower 'Intelegant Award for Excellence' in
Residential Solar System Installation

SAN JOSE, Calif., and BOULDER, Colo., March 17 /PRNewswire-FirstCall/ --
SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of
high-efficiency solar cells, solar panels and solar systems, today announced
that Independent Power Systems of Boulder, Colo., a SunPower Premier Dealer,
has won the SunPower 'Intelegant Award for Excellence' in residential solar
electric power system installation. Independent Power Systems received the
award for its installation of SunPower solar systems on five new homes built
by Coburn Development in North Boulder's Holiday Neighborhood.
"Recently selected by Xcel Energy as a 'Smart Grid City,' Boulder is
fortunate to have Colorado companies, such as Independent Power Systems
providing renewable, reliable, affordable power to homeowners," said Colorado
Governor Bill Ritter. "Congratulations to Independent Power Systems for
winning the SunPower award and for the excellent work in advancing the
benefits of solar power and the New Energy Economy."
SunPower Intelegant Awards recognize residential SunPower solar electric
power system installations that exemplify SunPower's commitment to excellence
in aesthetics, quality and performance. Award-winning installations are
selected for the quality of the design and installation as well as homeowner
satisfaction.
"I bought the house because of the SunPower solar system," said Holiday
Neighborhood homeowner Kate Frazier. "Aesthetically, I was pleased with the
all-black look of the panels, and I love the monitoring system that tells me
how much electricity the system is generating and how much power I use
everyday."
Frazier continued, "Independent Power Systems did a great job educating me
about my SunPower system. I was surprised to learn that I don't have to turn
the system on and there are virtually no maintenance requirements. I'm saving
money on my utility bills every month and I feel good about the contribution
I'm making to help our environment."
"We are very pleased to win this award from SunPower as a result of our
work with Coburn Development," said Independent Power Systems President Tony
Boniface. "At the Holiday Neighborhood, Coburn has integrated high quality,
sustainable features in their homes. SunPower solar systems were the perfect
choice for this project because they offer the highest quality and highest
efficiency on the market."
"We congratulate Independent Power Systems on winning this award, and are
certainly very pleased to be working with them," said Coburn's Vice President
of Development John Koval. "The five homes with SunPower systems sold twice as
fast as comparable non-solar homes in the community."
The installed SunPower systems at the Holiday Neighborhood range in size
from 3.4 to 5.2 kilowatts per house. Since completing those installations for
Coburn, Independent Power Systems has partnered with the developer to provide
solar power systems on additional projects in Colorado such as Crescent in
Holiday Neighborhood, 1505 Pearl in downtown Boulder, and Penny Flats in
Ft. Collins.
About Independent Power Systems
Independent Power Systems is a solar electric engineering and installation
company in the Rocky Mountains. Based in Boulder, Colo., the company has been
installing renewable energy systems for 11 years in residential, commercial,
and remote environments. http://www.solarips.com
About SunPower Corporation
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).
About Coburn Development
Since 1985, Coburn Development, Inc. a design, construction and
development company, has specialized in neighborhood planning, urban infill,
new construction and renovations. Coburn Clients seek creative solutions to
complicated development challenges. Coburn maintains offices in Boulder,
Crested Butte and Fort Collins, Colorado and has completed work in a number of
states throughout the U.S. http://www.coburndev.com
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

Ingrid Ekstrom of SunPower Corporation, +1-510-260-8368,
iekstrom@sunpowercorp.com; or JoElyn Newcomb of Independent Power Systems,
+1-303-503-7743, jnewcomb@solarips.com; or John Koval of Coburn Development,
+1-303-442-3351, jkoval@coburndev.com