SunPower Teams with Local Organizations to Celebrate Green Collar Job Training
Program
SAN JOSE, Calif., July 28 /PRNewswire-FirstCall/ -- SunPower Corporation
(Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar
cells, solar panels and solar systems, today is joining Sun Light & Power and
non-profit organizations Solar Richmond, Solar Living Institute and Rising Sun
Energy Center to dedicate a 2-kilowatt SunPower solar system on the rooftop of
EcoVillage Farm Learning Center in Richmond, Calif. SunPower provided
financial support for the project and joins with partner organizations to
celebrate green collar job training for local youth.
With a grant from the Bay Area Air Quality Management District, Solar
Living Institute, in collaboration with Solar Richmond and Rising Sun Energy
Center, provided training to 18 students on the basics of solar electricity
and installation. Sun Light & Power then installed the SunPower solar array
at EcoVillage, with assistance from the new trainees.
"SunPower is pleased to provide financial support for the solar array that
will benefit the EcoVillage Farm Learning Center's sustainability goals, while
providing an educational tool for its visitors," said Bobby Ram, director of
global community relations for SunPower Corp. "We are delighted to be a part
of this dedication and embrace the organization's training program that
enables local youth to learn new skills that can offer career opportunities in
the future."
EcoVillage Farm Learning Center, which promotes environmental
conservation, restoration, and growing a socially just community, is located
on 5.6 acres of uniquely preserved, semi-rural farm land. The farm will
benefit from the solar array with an immediate 85 percent reduction on its
energy bill, and receive a new element in its farming operations that will
reinforce sustainability principles to thousands of local visitors.
Shyaam Shabaka, founder and executive director of EcoVillage Farm, added:
"The SunPower system provides us with critical financial savings, allowing us
to expand our operations and enhance our programs."
"We are confident that our trainees will use this hands-on solar knowledge
as they develop their careers," said Michele McGeoy, executive director of
Solar Richmond. "We commend SunPower for its commitment to the community and
for the environmental leadership they continue to demonstrate through support
of this project."
About SunPower Corp.
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).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements are statements that do not represent historical
facts. The company uses words and phrases such as "will," and similar
expressions to identify forward-looking statements. Forward-looking statements
in this press release include, but are not limited to, the company's plans and
expectations regarding an immediate 85% reduction in the farm's energy bill.
These forward-looking statements are based on information available to the
company as of the date of this release and management's current expectations,
forecasts and assumptions, and involve a number of risks and uncertainties
that could cause actual results to differ materially from those anticipated by
these forward-looking statements. Such risks and uncertainties include a
variety of factors, some of which are beyond the company's control. In
particular, risks and uncertainties that could cause actual results to differ
include (i) actual electricity generation, (ii) the actual energy consumption
rate; (iii) unexpected changes in utility service rates; and (iv) other risks
described in the company's Quarterly Report on Form 10-Q for the quarter ended
March 30, 2008, and other filings with the Securities and Exchange Commission.
These forward-looking statements should not be relied upon as representing the
company's views as of any subsequent date, and the company is under no
obligation to, and expressly disclaims any responsibility to, update or alter
its forward-looking statements, whether as a result of new information, future
events or otherwise.
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
Helen Kendrick of SunPower Corp., +1-408-240-5585, hkendrick@sunpowercorp.com
