tiprankstipranks
Canadian Solar says Maxeon Solar patent infringement claims ‘without merit’
The Fly

Canadian Solar says Maxeon Solar patent infringement claims ‘without merit’

Canadian Solar (CSIQ) issued the following comment: “Canadian Solar recently became aware that Maxeon Solar (MAXN) has filed a patent infringement lawsuit against Canadian Solar in the U.S. District Court in the Eastern District of Texas, entitled Maxeon Solar Pte. Ltd. v. Canadian Solar, Inc., Civil Action No. 2:24-cv-210. The suit alleges that Canadian Solar, Inc., via its affiliates, is directly or indirectly infringing on three patents now held by Maxeon relating to tunnel oxide passivated contact solar photovoltaic module technology. As one of the largest solar product manufacturers in the world, Canadian Solar manufactures and sells many different types of solar products, both in the United States and elsewhere in the world, including TOPCon solar modules. As a technology company, Canadian Solar respects and takes very seriously its own intellectual property rights and those of third parties. Canadian Solar has itself filed and received thousands of patents in various jurisdictions for solar cells and related technology. Although Canadian Solar is continuing to consult its lawyers and study Maxeon’s complaint, the company’s preliminary assessment is that the claims in the complaint are entirely without merit. Canadian Solar denies that its TOPCon technology infringes on Maxeon’s patents and intends to vigorously defend itself against Maxeon’s claims. Canadian Solar is confident that its TOPCon technology and processes will be vindicated in court at the appropriate time. Meanwhile, Canadian Solar will continue to sell high quality solar products in the United States and elsewhere, as it has done since its founding in Canada more than 20 years ago.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles