Shoals Technologies Group Wins Favorable ITC Ruling Against Voltage
Shoals Technologies Group Secures Initial ITC Ruling
Shoals Technologies Group, Inc. (Nasdaq: SHLS) has recently announced a favorable legal decision regarding its patent infringement complaint against Voltage, LLC. This ruling, issued by an Administrative Law Judge at the U.S. International Trade Commission (ITC), found that Voltage breached Section 337 of the Tariff Act of 1930 by unlawfully importing infringing LYNX trunk bus products into the United States. This is a crucial development for Shoals, as it underscores their ongoing efforts to protect their intellectual property in the competitive renewable energy sector.
Importance of the ITC Ruling
This initial ruling is a critical victory for Shoals and the broader U.S. solar industry. If the ruling is upheld, it will prevent the entry of photovoltaic connectors that violate patents owned by Shoals, particularly concerning their innovative Big Lead Assembly (BLA) technology. The BLA connectors are designed and manufactured in the U.S., contributing not only to the company but also supporting American jobs and the economy.
Advancements in Technology
Shoals recently secured two new patents related to its BLA technology, U.S. Patents 12,015,375 and 12,015,376, in addition to the previously mentioned US Patent 11,689,153, which Voltage is found to have infringed. These advancements show Shoals' commitment to innovation, providing efficient and cost-effective solutions in solar panel applications. The company continually aims to enhance system performance and reliability through its products.
Future Steps Following the Ruling
The ITC's investigation is scheduled for completion by late December, with a potential Presidential review occurring in February. After the ITC's final disposition, Shoals intends to continue with its previously stayed District Court case against Voltage in the Middle District of North Carolina, seeking monetary damages for patent infringements.
Commitment to Innovation and Protection
Brandon Moss, CEO of Shoals, emphasized the significance of this ruling, labeling it a monumental victory not just for the company but also for the U.S. solar industry and American labor. He stated that safeguarding their patents allows Shoals to continue fostering innovation and ensuring that only compliant products enter the U.S. market, which reflects their commitment to fair competition.
About Shoals Technologies Group
Shoals Technologies Group stands at the forefront of providing electrical balance of systems (EBOS) solutions crucial for the energy transition market. Established in 1996, the company has become a recognized leader in the renewable energy sector, delivering innovative technology that substantially enhances the efficiency and safety of solar power installations. Shoals remains dedicated to protecting its intellectual property while investing in the growth and sustainability of American manufacturing.
Frequently Asked Questions
What was the ruling from the ITC regarding Shoals and Voltage?
The ITC ruled initially in favor of Shoals, determining that Voltage violated patent laws by importing infringing products.
What are the implications of this ruling?
If upheld, this ruling will prevent Voltage from importing infringing photovoltaic connectors into the U.S., thus protecting Shoals' intellectual property.
What is the significance of Shoals' Big Lead Assembly connectors?
Shoals' BLA connectors reduce costs by minimizing material and labor requirements, showcasing innovation in solar panel technology.
What steps will Shoals take following the ITC ruling?
Shoals plans to continue monitoring the ITC investigation and will move forward with a District Court case against Voltage for monetary damages.
How does Shoals contribute to American jobs?
By developing and manufacturing its technology in the U.S., Shoals helps create and sustain jobs in the renewable energy sector, emphasizing its commitment to American manufacturing.
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