Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, announced an agreement with CED Greentech to significantly expand Maxeon's differentiated channel program to residential installers in the United States. This new collaboration combines CED's unrivaled position as the largest solar equipment distributor in United States with Maxeon's industry leading panel technology and North America manufacturing footprint.

The United States residential solar market is projected to grow 50% over the next 5 years, and as electric vehicle adoption grows in parallel, homeowners will require more power from the same roof sizes. This offers a unique advantage for Maxeon, as systems using Maxeon's Interdigitated Back Contact (IBC) panels produce on average 85% more energy than a similar sized conventional system during their useful life. 

Mark Babcock, Chief Revenue Officer at Maxeon Solar Technologies commented, "CED is an ideal partner for Maxeon. Demand in the United States for our unique offering is soaring, and thanks to CED we will be able launch at-scale in short order. Maxeon will support the effort not only with our product, but also with our multi-tiered channel program which we credit for facilitating an exceptional customer experience to over one million Maxeon-powered residential customers around the world." 

Maxeon will offer its flagship IBC panels and its industry leading 40-year warranty. Products will be available for purchase later this year with deliveries starting in January 2023.

Maxeon Solar Technologies | www.maxeon.com