Tigo Energy Files Patent Infringement Suit Against Zhejiang Benyi New Energy Co., Ltd.
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 on August 21, 2024, in the Shanghai Intellectual Property Court, alleges that certain Zhejiang Benyi rapid shutdown devices infringe on Tigo's China Patent No. 200880114564.0, which relates to rapid shutdown technology.
Rapid shutdown is a critical safety function for photovoltaic systems on buildings, designed to reduce electrical shock risk to emergency responders. Tigo, a leader in this technology with over 150 patents granted or pending, actively licenses its patented technology and has prevailed in multiple patent disputes. Millions of Tigo products are installed globally, providing optimized, monitored, and safe solar solutions.
Tigo Energy, Inc. (NASDAQ: TYGO), un fornitore di soluzioni software intelligenti per il solare e l'energia, ha intentato causa per violazione di brevetto contro Zhejiang Benyi New Energy Co. La denuncia, presentata il 21 agosto 2024 presso il Tribunale della Proprietà Intellettuale di Shanghai, sostiene che alcuni dispositivi di spegnimento rapido di Zhejiang Benyi violano il Brevetto Cinese n. 200880114564.0 di Tigo, relativo alla tecnologia di spegnimento rapido.
Lo spegnimento rapido è una funzione di sicurezza fondamentale per i sistemi fotovoltaici sugli edifici, progettata per ridurre il rischio di scosse elettriche per i soccorritori. Tigo, leader in questa tecnologia con oltre 150 brevetti concessi o in attesa, concede attivamente in licenza la sua tecnologia brevettata e ha vinto in numerosi contenziosi sui brevetti. Milioni di prodotti Tigo sono installati a livello globale, fornendo soluzioni solari ottimizzate, monitorate e sicure.
Tigo Energy, Inc. (NASDAQ: TYGO), un proveedor líder de soluciones de software inteligentes para energía solar y energía, ha presentado una demanda por infracción de patente contra Zhejiang Benyi New Energy Co. La denuncia, presentada el 21 de agosto de 2024 en el Tribunal de Propiedad Intelectual de Shanghái, alega que ciertos dispositivos de apagado rápido de Zhejiang Benyi infringen la Patente China No. 200880114564.0 de Tigo, que se relaciona con la tecnología de apagado rápido.
El apagado rápido es una función de seguridad crítica para sistemas fotovoltaicos en edificios, diseñada para reducir el riesgo de descarga eléctrica para los respondedores de emergencia. Tigo, líder en esta tecnología con más de 150 patentes otorgadas o pendientes, otorga activamente licencias de su tecnología patentada y ha prevalecido en múltiples disputas de patentes. Millones de productos Tigo están instalados a nivel mundial, proporcionando soluciones solares optimizadas, monitoreadas y seguras.
Tigo Energy, Inc. (NASDAQ: TYGO), 지능형 태양광 및 에너지 소프트웨어 솔루션의 선두 제공업체,가 Zhejiang Benyi New Energy Co.를 상대로 특허 침해 소송을 제기했습니다. 이 소송은 2024년 8월 21일 상하이 지식재산권 법원에 제출되었으며, Zhejiang Benyi의 특정 신속 차단 장치가 Tigo의 중국 특허 번호 200880114564.0을 침해한다고 주장하고 있습니다. 이 특허는 신속 차단 기술과 관련이 있습니다.
신속 차단은 건물의 태양광 시스템에 대한 중요한 안전 기능으로, 비상대응자에 대한 전기 충격 위험을 줄이도록 설계되었습니다. Tigo는 150개 이상의 특허를 보유하거나 출원 중인 이 기술의 선두주자로, 자신의 특허 기술을 적극적으로 라이선스하고 있으며 다수의 특허 분쟁에서 승소했습니다. Tigo의 수백만 개 제품이 전 세계에 설치되어 최적화되고 모니터링된 안전한 태양광 솔루션을 제공합니다.
Tigo Energy, Inc. (NASDAQ: TYGO), un fournisseur leader de solutions logicielles intelligentes pour le solaire et l'énergie, a déposé une plainte pour contrefaçon de brevet contre Zhejiang Benyi New Energy Co. La plainte, déposée le 21 août 2024 devant le Tribunal de la propriété intellectuelle de Shanghai, allègue que certains dispositifs d'arrêt rapide de Zhejiang Benyi enfreignent le brevet chinois n° 200880114564.0 de Tigo, qui concerne la technologie d'arrêt rapide.
L'arrêt rapide est une fonction de sécurité cruciale pour les systèmes photovoltaïques sur les bâtiments, conçue pour réduire le risque de choc électrique pour les premiers intervenants. Tigo, leader dans cette technologie avec plus de 150 brevets accordés ou en attente, accorde activement des licences de sa technologie brevetée et a remporté plusieurs litiges en matière de brevets. Des millions de produits Tigo sont installés dans le monde entier, fournissant des solutions solaires optimisées, surveillées et sûres.
Tigo Energy, Inc. (NASDAQ: TYGO), ein führender Anbieter von intelligenten Solar- und Energiesoftwarelösungen, hat eine Klage wegen Patentverletzung gegen Zhejiang Benyi New Energy Co. eingereicht. Die Klage, die am 21. August 2024 beim Shanghaier Gericht für geistiges Eigentum eingereicht wurde, behauptet, dass bestimmte Schnellabschaltgeräte von Zhejiang Benyi gegen Tigos chinesisches Patent Nr. 200880114564.0 verstoßen, das sich auf Schnellabschaltungstechnologie bezieht.
Die Schnellabschaltung ist eine kritische Sicherheitsfunktion für Photovoltaikanlagen auf Gebäuden, die darauf abzielt, das Risiko von elektrischen Schlägen für Einsatzkräfte zu reduzieren. Tigo, ein führendes Unternehmen in dieser Technologie mit über 150 erteilten oder angemeldeten Patenten, lizenziert aktiv seine patentierte Technologie und hat in mehreren Patentstreitigkeiten gewonnen. Millionen von Tigo-Produkten sind weltweit installiert und bieten optimierte, überwachte und sichere Solarlösungen.
- Tigo Energy has over 150 patents granted or pending in rapid shutdown technology
- Millions of Tigo products are installed globally
- Tigo actively licenses its patented technology to other solar equipment providers
- The company has prevailed in multiple patent disputes
- Legal costs associated with patent infringement lawsuit may impact financial performance
Insights
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. Tigo's strong patent portfolio (150+ patents) and history of prevailing in patent disputes suggest they have a robust legal position.
The outcome of this case could have far-reaching implications for the solar market in China and globally. If Tigo prevails, it may lead to licensing agreements or market restrictions for Zhejiang Benyi, potentially strengthening Tigo's market position. However, patent litigation can be lengthy and costly, which investors should consider when evaluating the short-term impact on Tigo's finances.
Tigo's focus on rapid shutdown technology demonstrates their commitment to safety and compliance in the solar industry. This technology is becoming increasingly important as more countries mandate its use in building codes. Tigo's leadership in this area, with millions of products installed worldwide, positions them well in a growing market segment.
The company's strategy of licensing its patented technology to other solar equipment providers is a smart move. It not only generates additional revenue streams but also helps establish Tigo's technology as an industry standard. This approach could lead to long-term market dominance and sustained growth, particularly as the demand for safer solar installations continues to rise globally.
This lawsuit highlights Tigo's commitment to protecting its intellectual property, which is a key asset for technology companies. While patent litigation can be expensive, successful enforcement can lead to increased licensing revenue and market share gains. Investors should monitor the progress of this case, as a favorable outcome could positively impact Tigo's long-term financial performance.
Tigo's strong patent portfolio and established presence in the rapid shutdown market segment provide a competitive advantage. As regulatory requirements for solar safety increase globally, Tigo is well-positioned to capitalize on this trend. However, investors should also consider the potential risks, including litigation costs and the possibility of counterclaims, when assessing the overall impact on Tigo's financial outlook.
The complaint against Zhejiang Benyi covers devices related to Tigo rapid shutdown Intellectual Property (IP).
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240909300720/en/
Technica Communications
Cait Caviness
Email: tigoenergy@technica.inc
Source: Tigo
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