SunPower Acquires Solar Sales, a Leading Australian Distributor
SAN JOSE, Calif., July 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that it has completed the acquisition of Australian integrator and distributor, Solar Sales Pty Ltd. With this acquisition, SunPower now extends its global presence into the emerging Australian solar market.
Founded in 1983, Solar Sales was one of Australia’s first photovoltaic companies and is a leading systems integration and product distribution organization. Solar Sales offers solar panels and inverters via a national network of 30 dealers throughout Australia, and designs, builds and commissions large-scale commercial systems.
“Solar Sales has been a valued SunPower customer and partner for several years,” said Howard Wenger, senior vice president of global business units at SunPower Corp. “The strength of its management team, coupled with its market understanding and momentum, will help to form an ideal platform from which we can succeed in both the commercial and residential markets.”
Bob Blakiston, managing director of Solar Sales, added: “I am tremendously excited that SunPower has chosen this time to enter the Australian market. This strategic acquisition strengthens our ability to bring SunPower’s capabilities and proven components and systems technologies to the Australian market. As the demand for solar grows, we look forward to expanding our dealer base, commercial systems business and SunPower product offerings.”
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.
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SOURCE SunPower Corporation