Innovation in Energy Infrastructure: Shoals Technologies' Progress
Patent Achievement for Shoals Technologies Group
Shoals Technologies Group, Inc. (NASDAQ: SHLS), a prominent force in electrical balance of system (EBOS) solutions, has recently celebrated the issuance of its new U.S. patent, referred to as the ‘295 patent. This patent significantly expands the company's intellectual property portfolio related to its innovative Big Lead Assembly (BLA) technology.
What is the Big Lead Assembly (BLA)?
The BLA is a revolutionary plug-and-play wiring solution that simplifies the complexity of solar installations by replacing traditional combiner boxes. This innovation is not just about reducing installation time; it aims at enhancing reliability and long-term performance of solar projects while minimizing labor costs. Such attributes make the BLA a game-changer in the transition towards clean energy.
Legal Protections and Market Leadership
In a bold move to protect its innovations, Shoals Technologies has incorporated the newly acquired ‘295 patent into an ongoing lawsuit against Voltage, LLC for infringement. This legal action underscores Shoals’ commitment to safeguarding its intellectual property and ensuring that customers receive high-quality, state-of-the-art solutions.
Commitment to American Manufacturing
Brandon Moss, the CEO of Shoals Technologies Group, expressed that this patent is a reflection of their dedication to innovation and robust manufacturing practices in the U.S. He stated, "Protecting our intellectual property not only fosters fair competition but also assures customers about the reliability of the energy solutions they implement in their projects."
Advancing Energy Transition
As demand for domestic energy resources escalates, Shoals continues its mission to innovate and deliver superior U.S.-manufactured energy solutions. With a focus on efficiency and sustainability, the company plays a crucial role in ensuring that local manufacturers are at the forefront of the energy transition.
About Shoals Technologies Group
Since 1996, Shoals Technologies Group has been a leader in the renewable energy sector, specializing in electrical balance of systems (EBOS) solutions. With a portfolio that emphasizes installation efficiency, safety, performance, and reliability, Shoals has made a name for itself as a trusted partner in the clean energy market.
Contact Information
For media inquiries, please contact:
Public Relations
Lindsey Williams, VP of Marketing and External Communications
Lindsey.williams@shoals.com
Investor Relations
Matt Tractenberg, VP of Finance and Investor Relations
investors@shoals.com
Frequently Asked Questions
What is Shoals Technologies Group known for?
Shoals Technologies Group is recognized for its innovative solutions in electrical balance of systems (EBOS) for the renewable energy market.
What does the new patent cover?
The new patent covers the Big Lead Assembly (BLA), a technology designed to enhance installation efficiency and performance in solar projects.
Why is protecting intellectual property important for companies like Shoals?
Protecting intellectual property is vital for fostering innovation, ensuring fair competition, and providing customers with reliable and authentic solutions.
How does Shoals Technologies contribute to the energy market?
Shoals contributes by offering high-quality U.S.-manufactured solutions that support the transition towards renewable energy sources.
Who can be contacted for more information about Shoals Technologies?
For media and investor inquiries, you can reach out to Lindsey Williams and Matt Tractenberg via their respective emails.
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