SINGAPORE, Nov. 28,
2023 /PRNewswire/ -- Maxeon Solar Technologies,
Ltd. (NASDAQ:MAXN), a global leader in solar innovation and
channels, today announced that it has initiated an investigation of
several companies for infringement of Maxeon patents pertaining to
TOPCon (Tunnel Oxide Passivated Contact) solar cell technology in
the United States. Several
companies have announced plans to import into the United States or manufacture in
the United States solar panels
that utilize TOPCon solar cells. In response, Maxeon has begun
actively monitoring the United
States market for the presence of potentially infringing
products.
The innovations behind Maxeon IBC, Shingled Hypercell, and
TOPCon technologies are protected by a patent portfolio of over
1,600 granted patents and over 360 pending patent applications in
the United States of America,
China, Australia, Japan, Korea, Germany, France, and the Netherlands.
"Maxeon is a leader in solar cell technology, having developed,
commercialized and practiced tunnel oxide passivated contact
technology on our solar cells for over 15 years," said Lindsey Wiedmann, Maxeon's Chief Legal &
Sustainability Officer. "We will rigorously defend our intellectual
property rights should Maxeon determine its TOPCon patents have
been infringed. Innovation depends on a patent system that rewards
and protects the investments necessary to create such innovation.
As a global, industry-leading solar company, Maxeon strongly
supports fair competition in the marketplace and appreciates the
importance of intellectual property rights of all participants in
the industry. This also means that we intend to formidably defend
our intellectual property rights when they are violated. Earlier
this year we filed lawsuits against Tongwei with respect to our
Shingled Hypercell technology and against Aiko with respect to our
IBC technology. We plan to continue to meticulously defend our
intellectual property around IBC, Shingled Hypercell, and TOPCon
technologies."
About Maxeon Solar Technologies
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) is Powering
Positive Change™. Headquartered in Singapore, Maxeon designs
and manufactures Maxeon® and SunPower® brand solar panels, and has
sales operations in more than 100 countries, operating under the
SunPower brand in certain countries outside the United States. Maxeon is a leader in solar
innovation with over 1,600 patents and two best-in-class solar
panel product lines. Maxeon products span the global rooftop and
solar power plant markets through a network of more than 1,700
trusted partners and distributors. A pioneer in sustainable solar
manufacturing, Maxeon leverages a +35-year history in the solar
industry and numerous awards for its technology.
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.
©2023 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.
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SOURCE Maxeon Solar Technologies, Ltd.