/C O R R E C T I O N -- SunPower Corporation/
In the news release, Spanish Supermarket Bon Preu Esclat Powered by
SunPower (Nasdaq: SPWR) Solar Systems, issued earlier today by SunPower
Corporation over PR Newswire, we are advised by the company that the fourth
paragraph, second sentence, should read "In the U.S., commercial rooftop
systems have been installed..." rather than "In the U.S., the T10 product has
been installed..." as originally issued inadvertently.
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Spanish Supermarket Bon Preu Esclat Powered by SunPower Solar Systems
SunPower Dealer SUD Energies Renovables Selects High-Efficiency,
Non-Penetrating SunPower T10 Solar Roof Tiles for Bon Preu Esclat Stores
MADRID, Spain, June 2 /PRNewswire-FirstCall/ -- SunPower Corporation
(Nasdaq: SPWR), a manufacturer of high-efficiency solar cells, solar panels,
and solar systems, announced today that SunPower solar electric power systems
totaling 132 kilowatts have been installed on the rooftops of two Bon Preu
Esclat stores located outside of Barcelona, Spain. SunPower dealer SUD
Energies Renovables, S.L. of Vic (Barcelona) installed the systems, and
reports that they are working with the supermarket chain to install SunPower
solar power systems on additional Bon Preu Esclat stores over the next three
years.
A Bon Preu Esclat store in Piera, Spain received a 55-kilowatt SunPower
system, and a 77-kilowatt solar system has been installed atop the Bon Preu
Esclat store in Valls. At these locations, SUD Energies Renovables installed
SunPower(R) T10 Solar Roof Tiles, which are tilted at a 10-degree angle to
increase energy capture, and SunPower(R) 210 solar panels. SunPower panels are
up to 50 percent more efficient than conventional panels and up to 100 percent
more efficient than thin-film solar panels.
"We had two primary requirements for these installations. We wanted to
maximize the amount of power that could be generated within the limited roof
space, and we needed a lightweight system that would not require any roof
penetrations," said Manel Romero, technical director of SUD Energies
Renovables, S.L. "After investigating our options, including thin-film solar
electric products, we chose SunPower because it manufactures the highest
efficiency solar technology on the market today. Also, SunPower T10 Solar Roof
Tile systems are non-penetrating, lightweight and durable. The systems are
protecting the integrity of the rooftops, while delivering exceptional power
generation to the customer."
These installations for Bon Preu Esclat represent the first set of solar
systems in Spain using the SunPower T10 product on a commercial rooftop. In
the U.S., the T10 product has been installed on commercial rooftop systems for
SunPower customers such as FedEx, Wal-Mart Stores and Microsoft.
Also in Spain, SunPower has more than 45 megawatts of solar power plants
under construction.
About SunPower
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).
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.
About SUD Energies Renovables, S.L.
The SUD Energies Renovables group is an initiative launched by
professionals with varying areas of experience in the industrial, energy and
environmental sectors, offering comprehensive services in the fields of
engineering, construction and operation of renewable energies.
The group of companies includes SUD Energies Renovables, S.L., the group's
engineering division; InstalSud 2007, S.L., providing installation, control
and maintenance; and OnaSud Energia, S.L., which develops photovoltaic solar
energy farms.
About Bon Preu Esclat
Bon Preu is a Catalan-based company comprised of 113 supermarkets and
hypermarkets and 11 gas stations around Catalunya, under the brand names Bon
Preu, Esclat, Orangutan and Esclatoil.
Its forecasted sales revenue for 2008 is 485 million euros. The company
has 3,000 employees.
Forward-Looking Statement
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 "to install," 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 installing SunPower solar power systems on additional
Bon Preu Esclat stores over the next three years. 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) construction
difficulties or potential delays in the project implementation process; (ii)
unanticipated delays or difficulties securing necessary permits, licenses or
other governmental approvals; (iii) the risk of continuation of supply of
products and components from suppliers; (iv) unanticipated problems with
deploying the system on the sites; and (v) 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
Ingrid Ekstrom of SunPower Corporation, +1-510-260-8368,
iekstrom@sunpowercorp.com
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