Maxeon also appeals recent preliminary
decision by Dutch court in ongoing patent action against
Aiko
SINGAPORE, June 19,
2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
(NASDAQ:MAXN), a global leader in solar innovation and channels,
today announced that it has initiated a patent infringement lawsuit
in the Düsseldorf Local Division of the Court of First Instance of
Unified Patent Court (the "UPC") against Aiko Energy Germany
GmbH, Solarlab Aiko Europe GmbH, Aiko Energy Netherlands B.V., and
several of Aiko's European partners, including Memodo, Libra, VDH,
PowerDeal, and Coenergia, alleging their infringement of a
Maxeon patent relating to solar cell technology. The UPC is a
common patent court of many member states of the European
Union.
Additionally, Maxeon has filed an appeal regarding the
May 16, 2024 preliminary injunction
decision in the Netherlands
relating to its ongoing patent dispute with Aiko concerning another
of the Company's European patents. Maxeon continues to firmly
believe in the strength, validity, and enforceability of its patent
portfolio and in its infringement claims filed against Aiko Energy
Netherlands B.V. (formerly named Eironn Netherlands B.V.),
VDH, and Libra.
"As part of our rigorous defense of Maxeon's intellectual
property, today we announced that we are both appealing the
decision in the Netherlands
regarding the enforcement of our European Patent No. EP 2 297 788
B1 and filing a new action in UPC to enforce our recently granted
European Patent No. EP 3 065 184 B1," said Marc Robinson, Maxeon's Associate General
Counsel. "At the UPC, Maxeon is seeking an injunction against Aiko
and its distributors Memodo, Libra, VDH, PowerDeal, and Coenergia
in each of the contracting member states, which include the major
European solar markets of Belgium,
France, Germany, Italy, and the
Netherlands. Maxeon has a deep patent portfolio and will
continue to take aggressive actions to stop infringing
activities."
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive
Change™. Headquartered in Singapore, Maxeon leverages over 35 years of
solar energy leadership and over 1,900 patents to design innovative
and sustainably made solar panels and energy solutions for
residential, commercial, and power plant customers. Maxeon's
integrated home energy management is a flexible ecosystem of
products and services, built around the award-winning
Maxeon® and SunPower® branded solar panels.
With a network of more than 1,700 trusted partners and
distributors, and more than one million customers worldwide, the
Company is a global leader in solar.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, including, but not limited to,
statements regarding our future plans and areas of focus, our
positioning and business plans for future success, and our
positioning to enforce patent rights. These forward-looking
statements are based on our current assumptions, expectations and
beliefs and involve substantial risks and uncertainties that may
cause results, performance, or achievement to materially differ
from those expressed or implied by these forward-looking
statements. A detailed discussion of these factors and other risks
that affect our business is included in filings we make with the
Securities and Exchange Commission ("SEC") from time to time,
including our most recent report on Form 20-F, particularly under
the heading "Item 3.D. Risk Factors." Copies of these filings are
available online from the SEC or on the Financials & Filings
section of our Investor Relations website at
https://corp.maxeon.com/financials-filings/sec-filings. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation
to update these forward-looking statements in light of new
information or future events.
©2024 Maxeon Solar Technologies, Ltd. All Rights Reserved.
MAXEON is a registered trademark of Maxeon Solar Technologies, Ltd.
Visit https://corp.maxeon.com/trademarks for more information.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/defense-of-innovation-continues-as-maxeon-solar-technologies-initiates-unitary-patent-infringement-lawsuit-against-aiko-and-its-partners-302176268.html
SOURCE Maxeon Solar Technologies, Ltd.
