STOCK TITAN

Tigo Energy Files Patent Infringement Suit Against Zhejiang Benyi New Energy Co., Ltd.

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags

Tigo Energy, Inc. (NASDAQ: TYGO), a leading provider of intelligent solar and energy software solutions, has filed a patent infringement lawsuit against Zhejiang Benyi New Energy Co., The complaint, filed in the Shanghai Intellectual Property Court on August 21, 2024, alleges that certain Zhejiang Benyi rapid shutdown devices infringe on Tigo's China Patent No. 200880114564.0, which relates to rapid shutdown technology.

Tigo is a leader in rapid shutdown technology and module-level power electronics (MLPE), with over 150 patents granted or pending. The company actively licenses its patented technology and has prevailed in multiple patent disputes. Millions of Tigo products are installed worldwide, providing optimized, monitored, and safe solar solutions.

Tigo Energy, Inc. (NASDAQ: TYGO), un fornitore leader di soluzioni software per il solare e l'energia intelligenti, ha intentato una causa per violazione di brevetto contro Zhejiang Benyi New Energy Co. La denuncia, presentata presso il Tribunale della Proprietà Intellettuale di Shanghai il 21 agosto 2024, sostiene che alcuni dispositivi di spegnimento rapido di Zhejiang Benyi violano il Brevetto Cinese No. 200880114564.0 di Tigo, relativo alla tecnologia di spegnimento rapido.

Tigo è un leader nella tecnologia di spegnimento rapido e nell'elettronica di potenza a livello di modulo (MLPE), con oltre 150 brevetti concessi o in attesa. L'azienda concede in licenza attivamente la propria tecnologia brevettata ed ha prevalso in numerosi contenziosi sui brevetti. Milioni di prodotti Tigo sono installati in tutto il mondo, offrendo soluzioni solari ottimizzate, monitorate e sicure.

Tigo Energy, Inc. (NASDAQ: TYGO), un proveedor líder de soluciones de software inteligente para energía solar, ha presentado una demanda por infracción de patente contra Zhejiang Benyi New Energy Co. La queja, presentada en el Tribunal de Propiedad Intelectual de Shanghái el 21 de agosto de 2024, alega que ciertos dispositivos de apagado rápido de Zhejiang Benyi infringen la Patente de China No. 200880114564.0 de Tigo, que se relaciona con la tecnología de apagado rápido.

Tigo es un líder en tecnología de apagado rápido y en electrónica de potencia a nivel de módulo (MLPE), con más de 150 patentes concedidas o en trámite. La empresa licencia activamente su tecnología patentada y ha ganado múltiples disputas de patentes. Millones de productos Tigo están instalados en todo el mundo, proporcionando soluciones solares optimizadas, monitoreadas y seguras.

Tigo Energy, Inc. (NASDAQ: TYGO)는 지능형 태양광 및 에너지 소프트웨어 솔루션의 선도적인 제공업체로서 Zhejiang Benyi New Energy Co.를 상대로 특허 침해 소송을 제기했습니다. 이 고소장은 2024년 8월 21일 상하이 지식재산권 법원에 제출되었으며, 일부 Zhejiang Benyi의 신속 종료 장치가 Tigo의 중국 특허 제 200880114564.0을 침해한다고 주장합니다. 이 특허는 신속 종료 기술과 관련이 있습니다.

Tigo는 신속 종료 기술 및 모듈 수준의 전력 전자기기(MLPE) 분야에서 선도적인 위치를 차지하고 있으며, 150개 이상의 특허를 보유하고 있거나 신청 중입니다. 이 회사는 자사의 특허 기술을 적극적으로 라이선스하고 있으며, 여러 특허 분쟁에서 승소한 경험이 있습니다. 전 세계에 수백만 개의 Tigo 제품이 설치되어 있으며, 최적화되고 모니터링되며 안전한 태양광 솔루션을 제공합니다.

Tigo Energy, Inc. (NASDAQ: TYGO), un fournisseur leader de solutions logicielles intelligentes pour l'énergie solaire, a déposé une plainte pour atteinte à un brevet contre Zhejiang Benyi New Energy Co. La plainte, déposée le 21 août 2024 auprès du Tribunal de la propriété intellectuelle de Shanghai, allègue que certains dispositifs d'arrêt rapide de Zhejiang Benyi portent atteinte au Brevet Chinois N° 200880114564.0 de Tigo, qui concerne la technologie d'arrêt rapide.

Tigo est un leader dans la technologie d'arrêt rapide et l'électronique de puissance à niveau de module (MLPE), avec plus de 150 brevets accordés ou en attente. L'entreprise accorde activement des licences pour sa technologie brevetée et a gagné plusieurs litiges sur les brevets. Des millions de produits Tigo sont installés dans le monde entier, offrant des solutions solaires optimisées, surveillées et sécurisées.

Tigo Energy, Inc. (NASDAQ: TYGO), ein führender Anbieter intelligenter Solar- und Energie-Softwarelösungen, hat eine Klage wegen Patentverletzung gegen Zhejiang Benyi New Energy Co. eingereicht. Die Klage, die am 21. August 2024 beim Shanghai Intellectual Property Court eingereicht wurde, behauptet, dass bestimmte Schnellabschaltgeräte von Zhejiang Benyi das chinesische Patent Nr. 200880114564.0 von Tigo, das sich auf Schnellabschlusstechnologie bezieht, verletzen.

Tigo ist führend in der Schnellabschlusstechnologie und der Leistungs-Elektronik auf Modul-Ebene (MLPE) mit über 150 erteilten oder anhängigen Patenten. Das Unternehmen lizenziert aktiv seine patentierte Technologie und hat in mehreren Patentstreitigkeiten gesiegt. Millionen von Tigo-Produkten sind weltweit installiert und bieten optimierte, überwachte und sichere Solarlösungen.

Positive
  • Tigo Energy has filed a patent infringement lawsuit to protect its intellectual property
  • The company has over 150 patents granted or pending in rapid shutdown technology and MLPE
  • Tigo has a history of prevailing in patent disputes
  • Millions of Tigo products are installed worldwide
Negative
  • None.

This patent infringement lawsuit filed by Tigo Energy against Zhejiang Benyi New Energy Co., is a significant development in the solar industry's intellectual property landscape. The case centers on rapid shutdown technology, which is crucial for safety in photovoltaic systems. With rapid shutdown mandates expanding globally, this lawsuit could have far-reaching implications for market dynamics and product development.

Tigo's strong patent portfolio (150+ patents) and history of successful litigation suggest they have a robust legal position. If Tigo prevails, it could lead to licensing revenues or market share gains. However, patent litigation is often protracted and costly, potentially impacting Tigo's short-term financials. Investors should monitor this case closely, as its outcome may influence Tigo's competitive advantage and future revenue streams in the rapidly growing solar safety technology sector.

Tigo's rapid shutdown technology represents a critical safety feature in modern solar installations. The alleged infringement by Zhejiang Benyi highlights the high demand and competition in this space. Rapid shutdown systems are becoming increasingly important as solar adoption grows, especially in residential and commercial settings where firefighter safety is paramount.

From a technical standpoint, Tigo's IP likely covers sophisticated power management and communication protocols that enable swift deactivation of solar panels. The outcome of this lawsuit could influence industry standards and product interoperability. If Tigo's patents are upheld, it may force competitors to develop alternative solutions, potentially slowing market growth but also spurring innovation. Investors should consider how this legal action might affect Tigo's R&D strategies and market position in the evolving landscape of solar safety technologies.

The complaint against Zhejiang Benyi covers devices related to Tigo rapid shutdown Intellectual Property (IP).

CAMPBELL, Calif.--(BUSINESS WIRE)-- Tigo Energy, Inc. (NASDAQ: TYGO) (“Tigo” or “the Company”), a leading provider of intelligent solar and energy software solutions, today announced that the Company’s Chinese affiliate, Tigo Energy Equipment Trading (Suzhou) Co., Ltd., has filed a patent infringement lawsuit against Zhejiang Benyi New Energy Co., Ltd. The complaint (Case No. (2024) Hu 73 Zhi Min Chu No. 177) was filed in the Shanghai Intellectual Property Court on August 21, 2024.

The complaint alleges that certain Zhejiang Benyi New Energy Co., Ltd. rapid shutdown devices infringe on Tigo IP, specifically China Patent No. 200880114564.0, which relates to rapid shutdown technology. Rapid shutdown is a safety function for photovoltaic systems on buildings, designed to reduce the risk of electrical shock to emergency responders, and is mandated by building codes and regulatory bodies in a rapidly growing number of countries around the world. Tigo is a leader in rapid shutdown technology and module-level power electronics (“MLPE”), with more than 150 patents granted or pending. The Company actively licenses its patented technology to other solar equipment providers and has prevailed in multiple patent disputes.

Millions of Tigo products are installed around the world, where they provide optimized, monitored, and safe solar to protect critical solar energy infrastructure and deliver consistent ROI for the lifetime of renewable energy systems. For more information about the portfolio of Tigo Flex MLPE solutions, please visit https://www.tigoenergy.com/ts4.

About Tigo Energy

Founded in 2007, Tigo Energy, Inc. (Nasdaq: TYGO) is a worldwide leader in the development and manufacture of smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Tigo combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Tigo MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The Company also develops and manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. For more information, please visit www.tigoenergy.com.

Technica Communications

Cait Caviness

Email: tigoenergy@technica.inc

Source: Tigo

FAQ

What is the patent infringement lawsuit filed by Tigo Energy (TYGO) about?

Tigo Energy (TYGO) has filed a patent infringement lawsuit against Zhejiang Benyi New Energy Co., , alleging that certain Zhejiang Benyi rapid shutdown devices infringe on Tigo's China Patent No. 200880114564.0, which relates to rapid shutdown technology.

When and where did Tigo Energy (TYGO) file the patent infringement lawsuit?

Tigo Energy (TYGO) filed the patent infringement lawsuit on August 21, 2024, in the Shanghai Intellectual Property Court.

How many patents does Tigo Energy (TYGO) have in rapid shutdown technology and MLPE?

Tigo Energy (TYGO) has more than 150 patents granted or pending in rapid shutdown technology and module-level power electronics (MLPE).

What is the significance of rapid shutdown technology in solar energy systems?

Rapid shutdown is a safety function for photovoltaic systems on buildings, designed to reduce the risk of electrical shock to emergency responders. It is mandated by building codes and regulatory bodies in a growing number of countries worldwide.

Tigo Energy, Inc.

NASDAQ:TYGO

TYGO Rankings

TYGO Latest News

TYGO Stock Data

102.21M
60.48M
50.61%
14.79%
0.06%
Solar
Semiconductors & Related Devices
Link
United States of America
CAMPBELL