Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit Against REC Solar Holdings AS
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has filed a patent infringement lawsuit against REC Solar Holdings AS in the Eastern District of Texas. The lawsuit alleges REC Solar's infringement of Maxeon's patents related to TOPCon solar cell technology. Maxeon, a leader in solar innovation, holds over 1,650 granted patents and more than 330 pending applications, covering technologies such as IBC, Shingled Hypercell, and TOPCon. Maxeon's Associate General Counsel, Marc Robinson, emphasized the company's commitment to fair competition and its intent to enforce its patent rights vigorously.
April 19, 2024 | 12:33 pm
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Maxeon Solar Technologies has initiated a patent infringement lawsuit against REC Solar Holdings AS, focusing on the protection of its TOPCon solar cell technology.
The initiation of a patent infringement lawsuit by Maxeon against REC Solar Holdings AS highlights Maxeon's proactive stance in protecting its intellectual property, which is central to its business model and competitive edge in the solar technology market. This legal action could potentially deter competitors from infringing on Maxeon's patents, thereby safeguarding its market position and possibly leading to a positive impact on its stock price in the short term. The lawsuit also reinforces Maxeon's commitment to fair competition, which could enhance its reputation among investors and customers.
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