Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Maxeon Solar files patent suit against Canadian Solar

Published 25/03/2024, 21:18
Updated 25/03/2024, 21:18
© Reuters.

SINGAPORE - Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has launched a lawsuit for patent infringement against Canadian Solar (NASDAQ:CSIQ) Inc., focusing on the alleged unauthorized use of its TOPCon solar cell technology. The suit was filed in the Eastern District of Texas, a jurisdiction known for its expertise in patent litigation.

Maxeon, a company with a global presence in solar innovation, asserts that its intellectual property related to Tunnel Oxide Passivated Contact (TOPCon) technology has been infringed upon. This technology is a critical component in the efficiency and performance of solar cells. The company's legal action represents its first enforcement of patent rights in the United States, signaling its intent to protect its innovations actively.

Marc Robinson, Associate General Counsel at Maxeon, emphasized the company's longstanding commitment to developing solar cell technology, including being at the forefront of commercializing TOPCon. Robinson noted that Maxeon's extensive patent portfolio includes over 1,650 granted patents and more than 330 pending applications, underscoring the depth of its research and development efforts.

Maxeon's history of over 35 years in the solar energy sector has led to a broad range of products and services, including the Maxeon® and SunPower® branded solar panels. The company boasts a network of more than 1,700 partners and distributors and serves over one million customers globally.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.