SolarEdge Files Three Patent Infringement Lawsuits Against Huawei in China
October 07 2019 - 8:00AM
Business Wire
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy, announced today that it has filed
three lawsuits for patent infringement against Huawei Technologies
Co., Ltd., a Chinese entity. SolarEdge is evaluating filing
additional actions to protect its patents.
The lawsuits, filed in the Regional Courts of Jinan and Shenzhen
in China, cite unauthorized use of patented technology, which is
prohibited by law, and are intended to protect SolarEdge’s
significant investment in its innovative DC optimized inverter
technology. Seeking damages and an injunction, the lawsuits are
intended to prevent the defendants from selling any products
infringing upon SolarEdge’s patented PV inverter and power
optimizer technology. The recently filed lawsuits follow the filing
of three other lawsuits in Germany by SolarEdge in June and July
2018 against Huawei Technologies Co., Ltd., a Chinese entity,
Huawei Technologies Düsseldorf GmbH, a German entity, and WATTKRAFT
Solar GmbH, a German distributor relating to three patents.
“SolarEdge spends considerable time and resources on developing
innovative technology and this investment needs to be protected,”
said Zvi Lando, Acting CEO and VP Global Sales of SolarEdge. “Our
industry is driven by innovation which over the past decade has
made PV energy more affordable and more efficient. The significant
financial investment and years of dedication and hard work from our
R&D engineers needs to be protected from exploitation.
SolarEdge’s patents are the result of our relentless pursuit of
innovation and commitment towards PV proliferation. We will
continue to take legal action against Huawei and others to protect
our assets.”
SolarEdge is a global leader in smart energy technology with
world-class engineering capabilities. SolarEdge holds 303 awarded
patents and 240 additional patent applications worldwide.
About SolarEdge:
SolarEdge is a global leader in smart energy technology. By
leveraging world-class engineering capabilities and with a
relentless focus on innovation, SolarEdge creates smart energy
solutions that power our lives and drive future progress. SolarEdge
developed an intelligent inverter solution that changed the way
power is harvested and managed in photovoltaic (PV) systems. The
SolarEdge DC optimized inverter seeks to maximize power generation
while lowering the cost of energy produced by the PV system.
Continuing to advance smart energy, SolarEdge addresses a broad
range of energy market segments through its PV, storage, EV
charging, batteries, UPS, electric vehicle powertrains, and grid
services solutions. SolarEdge is online at solaredge.com
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version on businesswire.com: https://www.businesswire.com/news/home/20191007005458/en/
SolarEdge Technologies Ronen Faier, Chief Financial Officer +1
510-498-3263 investors@solaredge.com
Sapphire Investor Relations, LLC Erica Mannion or Michael Funari
+1 617-542-6180 investors@solaredge.com
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