SunPower Corp was originally incorporated in California in 1985 and subsequently reincorporated in Delaware during 2005. The Company is engaged in designing, manufacturing, installation and ongoing maintenance and monitoring of solar system. The Company provides its proprietary, solar technology to residential, commercial and utility customers. The Company sells its solar power products, including panels, balance of system components, and inverters to dealers, systems integrators distributors, leading companies and directly to residential, commercial and utility customers around the globe. Its solar cells are designed without reflective metal contact grids or current collection ribbons on the front of the solar cell, which provides additional efficiency and allows its solar cells to be assembled into solar panels with a more uniform appearance. Its suite of SunPower solar panels provides customers a variety of features to fit their needs, including the SunPower Signature Black design which allows the panels to blend seamlessly into the rooftop. The Company offers panels that can be used both with inverters that require transformers as well as with the highest performing transformer-less inverters to maximize output. Its X-Series and E-Series panels have proven performance with low levels of degradation, validated by third-party performance tests. It offer a variety of commercial solutions designed to address a wide range of site requirements for commercial rooftop, parking lot and open space applications. Its commercial rooftop offering includes an all-in-one, non-penetrating system that combines solar panel, frame, and mounting system into one pre-engineered unit design for flat roof application. It also offers a portfolio of solutions utilizing framed panels and a variety of internally or externally developed mounting methods for flat roof and high tilt roof applications. Its commercial flat rooftop systems are designed to be lightweight and interlock, enhancing wind resistance and secure, rapid installations. The Company sells its products through its three regional segments: the Americas Segment, the EMEA Segment, and the APAC Segment. In residential and commercial company's competitors includes Canadian Solar Inc., Hanwha Corporation, JA Solar Holdings Co. and in utility and power plant Abengoa Solar S.A., Acconia Energia S.A., AES Solar Energy Ltd. The Company is subject to a variety of foreign, U.S. federal and state, and local governmental laws and regulations related to the purchase, storage, use, and disposal of hazardous materials.
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