Maxeon solar technologies and complete solaria sign definitive agreement for purchase of sales channel assets and shingled solar panel ip by maxeon

Singapore and fremont, calif., sept. 20, 2023 (globe newswire) -- maxeon solar technologies, ltd. (nasdaq: maxn) (“maxeon”), a global leader in solar innovation and channels, and complete solaria , inc. (nasdaq: cslr) (“complete solaria”), a leading solar technology, services and installation company, announced today that complete solaria's subsidiary, solarca llc, has entered into an asset purchase agreement for the sale of certain assets to maxeon. the agreement also includes a supply agreement for maxeon to supply its premium, high-performance, high-efficiency solar panels to complete solaria. the assets to be acquired include solaria's dealer channel operations and contracts, as well as complete solaria's solar panel patent portfolio relating primarily to shingled cell solar panel technology.
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