![3D"SunPower](3D"http://investors.sunpowercorp.com/includes/img/sp_logo.gif"){kind=logo}
| <=
/TR>
![3DPrint=20](3D"http://investors.sunpowercorp.com/common/images/print.gif")
Print=20
page ![3DEmail=20](3D"http://investors.sunpowercorp.com/common/images/email.gif")
![3DPDF=20](3D"http://investors.sunpowercorp.com/common/images/ico_pdf.gif")
=20
SAN JOSE, Calif., May 27, 2010 /PRNewswire via COMTEX News Network/ = --=20 SunPower Corp. (Nasdaq: SPWRA, SPWRB), a Silicon Valley-based = manufacturer of=20 high-efficiency solar cells, solar panels and solar systems, today = announced a=20 definitive agreement to form a joint venture (JV) with AU Optronics = Corp.=20 (TAIEX: 2409; NYSE: AUO), a leading global manufacturer of thin-film = transistor=20 liquid-crystal displays (TFT-LCD) based in Taiwan. The JV will own and = operate=20 SunPower's 1.4 gigawatt third solar cell fabrication facility (Fab 3), = now under=20 construction in Malaysia. SunPower and AUO will equally own the JV and=20 contribute equal capital funding.
"AUO's proven ability to rapidly scale advanced manufacturing = technology=20 while driving consistent, aggressive cost reduction makes them the ideal = partner=20 to help SunPower ramp Fab 3," said Tom Werner, SunPower's CEO. "We = expect this=20 JV will reduce our effective Fab 3 capital expense per watt by more than = 35=20 percent while capitalizing on AUO's world-class manufacturing expertise = to=20 reduce solar cell manufacturing costs. As a result of SunPower's = downstream=20 channel investments, demand has been rapidly increasing for our = differentiated=20 high-efficiency solar panels and systems. We believe that this JV will = enable us=20 to produce more megawatts faster, at lower cost, with substantially less = cash=20 contribution from SunPower."
"It is our great pleasure to work with SunPower," said K.Y. Lee, = Chairman of=20 AUO. "This joint venture sets a remarkable milestone for AUO's solar = business.=20 SunPower leads the solar industry with the world's highest efficiency = technology=20 for solar cells. With the Fab 3 JV, we will join our strengths to = maximize our=20 competitiveness and long-term benefits. Customers worldwide will profit = from the=20 synergy of vertical integration and scale for their solar investments." =
SunPower will host a conference call to discuss this announcement =
today,=20
Thursday, May 27 at 8:15 a.m. Eastern Time. The call-in number is =
517-623-4618,=20
passcode SunPower. The event will also be webcast and can be accessed =
live or=20
via archive from SunPower's website at:
About SunPower
Founded in 1985, SunPower Corp. (NASDAQ: SPWRA, SPWRB) designs, = manufactures=20 and delivers the planet's most powerful solar technology broadly = available=20 today. Residential, business, government and utility customers rely on = the=20 company's experience and proven results to maximize return on = investment. With=20 headquarters in San Jose, Calif., SunPower has offices in North America, = Europe,=20 Australia and Asia. For more information, visit www.sunpowercorp.com. =
Forward-Looking Statements
This press release contains forward-looking statements within the = meaning of=20 the Private Securities Litigation Reform Act of 1995. Forward looking = statements=20 are statements that do not represent historical facts and may be based = on=20 underlying assumptions. Forward-looking statements in this presentation = are made=20 regarding: (a) the FAB 3 Malaysian manufacturing facility capacity and=20 development; (b) cost reduction forecasts; (c) capital expenditures and = solar=20 cell production; (d) ability to scale production with our new partner; = and (e)=20 improvements to be transferred from TFT-LCD industry; (f) reductions in = cash=20 required for Fab 3. Such forward-looking statements are based on = information=20 available to the company as of the date of this release and involve a = number of=20 risks and uncertainties, some beyond the company's control, that could = cause=20 actual results to differ materially from those anticipated by these=20 forward-looking statements, including risks and uncertainties such as: = (i)=20 potential difficulties associated with integrating business and = operations of=20 the two joint venture partners; (ii) the joint venture's ability to = obtain=20 financing and its ability to obtain and maintain an adequate supply of = raw=20 materials, as well as the price it pays for such materials; (iii) = general=20 business and economic conditions, including seasonality of the industry; = (iv)=20 growth trends in the solar power industry; (v) the continuation of = governmental=20 and related economic incentives promoting the use of solar power; (vi) = the joint=20 venture's ability to ramp the new production lines and realize expected=20 manufacturing efficiencies in FAB 3; (vii) manufacturing difficulties = that could=20 arise; (viii) the risk of company technology leaving the joint venture = and=20 falling in the hands of a competitor; and (ix) other risks described in=20 SunPower's Annual Report on Form 10-K for the year ended January 3, = 2010, and=20 other filings with the Securities and Exchange Commission. These = forward-looking=20 statements should not be relied upon as representing the company's views = as of=20 any subsequent date, and the company is under no obligation to, and = expressly=20 disclaims any responsibility to, update or alter its forward-looking = statements,=20 whether as a result of new information, future events or otherwise.
SunPower is a registered trademark of SunPower Corporation. All = other=20 trademarks are the property of their respective owners.
SOURCE SunPower Corp.
Copyright (C) 2010 PR Newswire. All rights reserved
------=_NextPart_000_0000_01CAFE46.5932FCC0 Content-Type: image/gif Content-Transfer-Encoding: base64 Content-Location: http://investors.sunpowercorp.com/includes/img/sp_logo.gif R0lGODlhlQBVANUAAHZ4eaenqZiZmvr6+mZnaUZHSFVYWevr6+Li4yUnKPX19RUWFjY4OcvLy9zc 3MTExLq7uwYGBtPT1LS1tYyMjYGDhIeJi3+AgUFDRI2Oj1xdX2JjZK2trlFSU7W2uSAiI3FydIWG h2tsbjAyM6Choc/Pz/Dx8To9PhocHZyfo+jp6ebm5re3t0BAQXt7fREREissLUxNTgwMDR4fIMjI yHBwcJ2cnb+/v6+wscHBwZOTlL2+vu7u7wEAAP///wAAACwAAAAAlQBVAAAG/8CfcEgsGo/IpHLJ bDqf0Kh0Sq1ar9isdsvter/gsHhMLpvP6LR6zW673/C4fE6v2+/4vH7P7/v/gIGCg4SFhoeIiYqL jI2Oj5CRkpOUlZaXmJmajT0/PZ+gnZ+eoaKlp6ihnqSpqqytpqOysaq1sKespK+0s6a5t71Ctaug u6jGtsC8xaO6wsrM0cG3yMvTwM+yv8zI1Z1Dx9nfTJ8R3+e9pc9EuM3psbrpxt7Fr9v09uq8xKDm whEyAL54IUPGwIP+tkmjNS8VPWjKnInC5zAav1nGzGmUsQDFjA8JQiaAQTLkDBQBfdVrB+vhQ5UX L1akJqyhvoWnIugEuAAkjP8RDFqcwFAAg1AGI2AkmLHAnL5s66RVi2fNmpGb4OCxq+dSXLMioXQa XDDjJ1AMMToY0MC2Q4wCJ0YkWDAwwjxxztYl4Xb1q6sFIReo7LdAhrQIBFXJMCBD5kSOTsMeJAhO 5wsUIIHG2OAigw4dGS4AAFFDQ4cCDJTSNWyvw4yVnRC/iDy5dq+BhRs/Y71KBoAGDhw0sDGj5igX NCpE/cGABokXNWU0sLBPFIEGICZ26kCjOw0IFmB4AojiJ4MYACYgMDFggIIDEjwIsABAQ4wRLkpM +JCy2AwHMewiRAU02KDbCw94pyALC+iyQA7dPbADBS00FkMOGwyxQAA++CD/wQ0D+JCDeM7Y4IMA y2HgwwPQjRIBDQMAsNwQFfgQgnE/ENDhjj4goMEPEfTEAAYaBKBChyZIUMKRPgzgQAAWgGAAAwYc SUAPrI2igQ8TMCSDBDaOsgCPPPKAgoMHkMmDABEA4IMOQxjgwwEEFFZAAz5cAJUOPlCAVwtcthjb Az4oYMCMP7jggwvwbODDDQW0oAELHsIQwQcMFLCBBx064MIJI50gAqE9plCBCAUkQCkJBdkVG4cm fGBPDAqoMMIqY9LZQgG8vuVqJwsgoAAIDHSQQYgifNCBrD1EIECfRLTgQnG58JnBcoCyICiQpCJQ wIyKMpqLowFoyIEPIMgw/0ILBgQQIgS3CvTCAjAIEGIDFABgwAgADLDCCFiuMoIDHerpCwU+sFDT mAjcClYxwR7QwhA1+EBDg/+4++NXxKxiLVg/ZLttBA842SMGuQgRbqM+4GCXECG8icIJ6K2wYnHz egQSSCQUGoALBGDAAMEEACTMBU162NgoKOD5o4Y9MuDND8Hy8K0QJ/jgALOgZJAwdKsI+MPH9gA6 wcglF+nDCiiHneii2v3gKAcv/4C0AAloioMPVv8wb0cf/QRDAWCWEGUMDHCIQ1N2LUCDDxZIMAAB YccwAA8NitmjwyADi0DfnTCgNdedYMDDowWALdPYPlxbdqC6kOxDAQtQiv9AAjW9LW4x5A4hw7kW zNCBCwS7HOQCHX3wgXkMPKtCCi5swMCWCMDQ7A8dDCDBhj4E8E0EfLIZ9pgrxIBCAiAlgIIvVbed o8WZy2IAwY9qALY6ZKtidotCyN7BDzOglARIpDK4jSthSimAiVQQgwR0wAJHkhFuyBI4BpzgBABg Dw5OFQMMlGBR/QtfD0SnAqkB0GYTg1iITGACBbhwABDgH9U+VwAZMKAGIcpOPIQAAx3QbwLfwl/r ctcJkdXEf0KYwQdLQMCVHVABCEBAh+gkgxMYIANpytBBUICZkViwBSBIkwcsIAIDwMBrdPsBDBRg ggBJxwcA6ITlSnCmiSz/oD0ICI4eA7CtBRDsBiywmQIMtMNmJKACH1xBEJtBtlwY0UWE+l8nRlA4 ajmxGY4yQQlKcAMcFOBSGNiADqz0A4PM6yNebAEGACBGMnZgBAYwQcN+AAIf7ABjjtreDzgko44x LAY9Ud5czkE1BwzABB3iAGM6Zg8hJCAHttwW61ynP9h9L5K6gMEHH9CgS67CURPwyGyoBgMiWcBm NxJI8lKJAQu4kAMWIADiZgABH2SIYDVYRQJWMIACoOBzKYRYjwiYFTEhYAUgANPTcAGVHwxsAAHS BZ/8ZI+saSt22GzGCD6YgxfUcnej6J3vymNFAICJm6XkCFm8OJS9ISAA/xXQAFwW4CYbxGBzxEBY BhwFgV9pDgFSw8kMDzCCWs7yFAtgAOlKubeFdoJPJCjoD9wUgKUNygeSLAYDpAgeA/LOB2ksB2BO 0AECuMsHIgDSWGYwkqRs4Eg0EIC+hIaCEazgAASzwUR+UAATCAeOWRECw4K6jBnyoAUR2BsLfPqJ mEW1JiiQHMqKUbEb+FQI9bTAOpAIjwLYrEMgFcLcfoUYTBVAAxUgmAOuZpCPnAQDhEKAAIAWgxPA ACUcKtShiiGDHXRoBeKJG8M4V1DP9W0Ep7tRLmh1gIgCCWkXLcYHCHYBjAGJAO2JKCSxOg8MSNGr 3wSrqzwhg7JgwAAiIP8BMh1Qp/7JAAUGeJwCAgCCDXQAA3IpzpZ8UAKt9KtljBUsTlth2KuJYG0T e0XPEAAADHTABmzMqi420B4IGKAAMbBBiELAFc5apAVHEldNRsuKCJxvBKetwA4U0CQIuIAtAODA kRQwgRoY4L6p+YBgPgAmF3SsE//xwW7/ckwbVIACSNbBBfpIwyGcqwHFmQgKzsU3Fk/uZaqIwFub 1MI5uWC8Lnrcxo5hgAEoVxc6WiwpLFMWshJABw1AZode2KGXlhEuOUZJJ0wUP2bYYAVcy8WYyNQh MznIhQHqRALAxKpcyODBHAjABUzoFR6alQMcAADAmtkDDYAAd1j5QQ3/KmDVTsDABTHAslhe0OYO iCADE3iABD5nAhWUAKYbeAtSQoISf4hAfAIigAAKKwMRGLsGxhZBDQhg1VISQARRFgIDQCCCPn9P J1LlC5CwXdy9ro4Z43QFMhBzPrJqQAQAuEAIQkCfMrolLkrRcX+o9gKszKsbSxA3M73ClW6o42Hh sMi/GdoQcn9gBBcsgAEW3oH7Ci0pS2FKuP1yl2RwDODeHrhL9kpgjedDGzeZySsAYpAuMg/iH+Ai XQjiD3csZCrvOAbIXy4RaISNJVyROU5mUgqxmLIjKmf5TtABFZfzHCLYEDg1bCEgm/sCHP5mqE76 sZOEsAPmEWFo1rVheBOpiDzkLw8HVaKCc3SMY+xmB3tLnhLzmaN9MDF3jMU7Poy6V4Xr8Fj63Neu 86PTHelEjwmnGcL3ijdd5lTBSEvk3vaZw0YvZ9+E5CdP+cpb/vKYz7zmN8/5znv+86APvehHT/rS m/70qE+96lfP+ta7/vWwf0IQAAA7 ------=_NextPart_000_0000_01CAFE46.5932FCC0 Content-Type: image/gif Content-Transfer-Encoding: base64 Content-Location: http://investors.sunpowercorp.com/common/images/print.gif R0lGODlhDwAPAMQAAJaWlpOTk4qKiomJiY6Ojpqamo2NjZGRkZSUlIyMjIWFhYiIiJCQkIaGhoOD g4GBgZKSkpmZmYSEhJeXl8zMzP///zk5Of///wAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACH5BAEA ABcALAAAAAAPAA8AAAVX4CWOZGmepKWuFmpVMKyeL2VXb1u+Mb7uFRulpxvxejKjKii8/SyKI9Iy aEFZWItgJRkQAoBIoQAIEKoqxyJxQAAmAMQhsbA+GgIDAxIIMAwCDTpZWSIhADs= ------=_NextPart_000_0000_01CAFE46.5932FCC0 Content-Type: image/gif Content-Transfer-Encoding: base64 Content-Location: http://investors.sunpowercorp.com/common/images/email.gif R0lGODlhDwAPAMQAAL29vbe3t6urq6mpqbS0tKenp7i4uK+vr76+vsXFxaWlpcPDw6qqqra2tq2t rcLCwqioqLm5uaampmpqaq6urqSkpP///zk5Of///wAAAAAAAAAAAAAAAAAAAAAAAAAAACH5BAEA ABgALAAAAAAPAA8AAAVSICaOZGmeaKqWV+u+8GXNdE27du5Kcj5fPCClZ7scCi2JI0D8BSjBimAC gAEmDEWrMqE0EI/EAvCcVFrmAYVgiBgIlAF3W6lABJS8oFA/x/4tIQA7 ------=_NextPart_000_0000_01CAFE46.5932FCC0 Content-Type: image/gif Content-Transfer-Encoding: base64 Content-Location: http://investors.sunpowercorp.com/common/images/ico_pdf.gif R0lGODlhEAAQAOYAABAQEL29vf8A/4SEhNYZG+3c3nx8fHURE9BdXNKNjsXFxaWlo+k4OsUXGd7e 3uCipNVrbf///8hwcyIiIpmZmcwzM+XBwuxVV81MS+9yc7S0tJoTFfb29hkZGetLTfGDhNXV1eck J9W5vOYaHtZ7fO/v7+bm5udDR8QtL62ure5lZ9yWl4yLi+crL95iYuOwsMzMzOnV2JmZmexRU90Z HO7j5t+Ih/B6e/GKjH0PEOfc3NdZWuatteYgI+gyNek9QO1bXuZKSgAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACH5 BAUUAAIALAAAAAAQABAAAAexgAKCAYSFhTCCiQIBEY2OjQoDiouPjxoBEwI4NypAFzMeHicoERwp ExMdHx4MLSE9IzQEG6UlGhodGT8+rj2yDTm1JikdKDnHyMcHHBwmDsSJjI4IjSUOIAsd0Y46GA8c 1tjag442ESsvzjAU45QRMTsvLzs7Lgns2xEQFgUO1yISWACIVgPCChAwEiogNGDgIBIkFhpi6HCR gwAaUiygQIHFAAMGKqJC1aFkBwAoUQYCADs= ------=_NextPart_000_0000_01CAFE46.5932FCC0 Content-Type: application/octet-stream Content-Transfer-Encoding: quoted-printable Content-Location: http://investors.sunpowercorp.com/common/scripts/sh_scripts.js function toggle(section) { object =3D document.getElementById(section); if (object.style.display=3D=3D"none") object.style.display=3D"block"; else object.style.display=3D"none"; } /* Used to Restrict the Length of TextAreas */ function sh_MaxLength(sh_field, sh_maximum) { if (sh_field.value.length > sh_maximum + 1) alert('Your comment must contain fewer than ' + sh_maximum + ' = characters.'); if (sh_field.value.length > sh_maximum) { sh_field.value =3D sh_field.value.substring(0, sh_maximum); } } function sh_windowpopup(file, name, w, h){ var xPos, yPos; var winProp; =20 xPos =3D (screen.width/2)-(w/2); yPos =3D (screen.height/2)-(h/2); winProp =3D "width=3D" + w + ",height=3D" + h + ",left=3D" + xPos + = ",top=3D" + yPos +",resizable=3D1,scrollbars=3D1"; =20 win =3D window.open(file, name, winProp);=20 win.focus(); } function sh_ShowHide() { groupname=3Darguments[0]; rows=3Darguments[1]; if(arguments.length > 2) { if (arguments[2]=3D=3D1) { var currRow =3D document.getElementById(groupname); currRow.style.display=3D""; document.getElementById(groupname+"img").src =3D sh_HideImg; } else if (arguments[2]=3D=3D0) { var currRow =3D document.getElementById(groupname); currRow.style.display=3D"none"; document.getElementById(groupname+"img").src =3D sh_ShowImg; } } else { if (rows =3D=3D 0)=20 { /* for a single item */ sh_RowShowHide(groupname); } else { /* for multiple rows of a table */ for(i=3D1; i <=3D rows; i++) { var tempRow =3D groupname + "" + i; sh_RowShowHide(tempRow); } } } } function sh_RowShowHide(sh_RowID) { var currRow =3D document.getElementById(sh_RowID); if (currRow.style.display=3D=3D"none") { currRow.style.display=3D""; document.getElementById(sh_RowID+"img").src =3D sh_HideImg; } else { currRow.style.display=3D"none"; document.getElementById(sh_RowID+"img").src =3D sh_ShowImg; }=09 } function = sh_financialsCompareNavigation(quarter1,quarter2,year1,year2,state,period= ) { if(state=3D=3D1) /* Current */ { document.getElementById(quarter1).disabled=3Dtrue; document.getElementById(year1).disabled=3Dtrue; document.getElementById(quarter2).disabled=3Dtrue; document.getElementById(year2).disabled=3Dtrue; } else /* Compare */ { if(period=3D=3D1) /* Quarterly */ { document.getElementById(quarter1).disabled=3Dfalse; document.getElementById(quarter2).disabled=3Dfalse; } document.getElementById(year1).disabled=3Dfalse; document.getElementById(year2).disabled=3Dfalse; } } // if "all ____ " is selected on alerts.cfm, select all alerts of that = type. function sh_selectAll(formName,listName,selectAllName,selectAllArray)=20 {=20 if(document.getElementById(selectAllName).checked =3D=3D false) { if(document.getElementById(formName))=20 { // form ID var counter =3D 0; for(i =3D 0; i < = document.getElementById(formName).elements.length; i++)=20 { if(document.getElementById(formName).elements[i].name =3D=3D = listName)=20 { document.getElementById(formName).elements[i].checked =3D = false; selectAllArray[counter] =3D false; counter++; } } }=20 else=20 { // form NAME for(i =3D 0; i < document[formName].elements.length; i++) { if(document[formName].elements[i].name =3D=3D listName)=20 { document[formName].elements[i].checked =3D false; } } } } else { if(document.getElementById(formName))=20 { // form ID var counter =3D 0; for(i =3D 0; i < = document.getElementById(formName).elements.length; i++)=20 { if(document.getElementById(formName).elements[i].name =3D=3D = listName)=20 { document.getElementById(formName).elements[i].checked =3D = true; selectAllArray[counter] =3D true; counter++; } } }=20 else=20 { // form NAME for(i =3D 0; i < document[formName].elements.length; i++) { if(document[formName].elements[i].name =3D=3D listName)=20 { document[formName].elements[i].checked =3D true; } } } } } // if "all ____ " is selected on alerts.cfm, select all alerts of that = type. function sh_greyAll(formName,listName,selectAllName,selectAllArray)=20 {=20 if(document.getElementById(selectAllName).checked =3D=3D false) { if(document.getElementById(formName))=20 { // form ID var counter =3D 0; for(i =3D 0; i < = document.getElementById(formName).elements.length; i++)=20 { if(document.getElementById(formName).elements[i].name =3D=3D = listName && document.getElementById(formName).elements[i] !=3D = document.getElementById(selectAllName))=20 { document.getElementById(formName).elements[i].disabled =3D = false; selectAllArray[counter] =3D false; counter++; } } }=20 } else { if(document.getElementById(formName))=20 { // form ID var counter =3D 0; for(i =3D 0; i < = document.getElementById(formName).elements.length; i++)=20 { if(document.getElementById(formName).elements[i].name =3D=3D = listName && document.getElementById(formName).elements[i] !=3D = document.getElementById(selectAllName))=20 { document.getElementById(formName).elements[i].disabled =3D = true; document.getElementById(formName).elements[i].checked =3D = false; selectAllArray[counter] =3D true; counter++; } } }=20 } } function sh_popup(url,x,y) { if(navigator.userAgent.indexOf("MSIE") =3D=3D -1) { newwindow =3D = window.open(url,'sh_pop','toolbar=3D0,location=3D0,directories=3D0,status= =3D0,menubar=3D0,scrollbars=3D1,resizable=3D1,width=3D'+x+',height=3D'+y)= ; newwindow.focus();}=20 else { = window.open(url,'sh_pop','toolbar=3D0,location=3D0,directories=3D0,status= =3D0,menubar=3D0,scrollbars=3D1,resizable=3D1,width=3D'+x+',height=3D'+y)= ;} } =20 =20 =20 =20 function sh_checkForCookie(name) { if (sh_readCookie(name) =3D=3D null || sh_readCookie(name) =3D=3D "") { sh_createCookie(name,''); } else { var oldCookie =3D sh_readCookie(name); sh_createCookie(name,''); } } function sh_readCookie(name) { var nameEQ =3D name + "=3D"; var ca =3D document.cookie.split(';'); for(var i=3D0;i < ca.length;i++) { =09 var c =3D ca[i]; while (c.charAt(0)=3D=3D' ') c =3D c.substring(1,c.length); if (c.indexOf(nameEQ) =3D=3D 0) return = c.substring(nameEQ.length,c.length); } return null; } function sh_createCookie(name,value,days,domain){ =09 if (days){ var date =3D new Date(); date.setTime(date.getTime()+(days*24*60*60*1000)); var expires =3D "; expires=3D"+date.toGMTString(); } else var expires =3D ""; if (domain){ =09 var thedomain =3D "; domain=3D"+domain; } else var thedomain =3D ""; =09 document.cookie =3D name+"=3D"+value+expires+"; = path=3D/"+thedomain+";"; } function sh_unappendCookie(name,value,domain){ var cookieVals =3D sh_readCookie(name); var docs =3D cookieVals.split('%2C'); var cntr =3D docs.length; var i=3D0; var first =3D true; var newValue =3D ''; =09 for (i=3D0;i