Tigo Energy Welcomes MidNite Solar as Latest Rapid Shutdown Licensee
Tigo Energy, Inc. (NASDAQ: TYGO) has announced that MidNite Solar Inc. has licensed Tigo's rapid shutdown technology for its module-level products. This licensing agreement allows MidNite Solar to use Tigo's patented technologies in rapid shutdown and optimization. Tigo, a leader in rapid shutdown technology and Module Level Power Electronics (MLPE), has over 150 patents granted or pending. Their technology complies with key safety standards and requirements, including UL 1741, IEC 63257, and the U.S. National Electric Code.
Tigo's MLPE products are installed worldwide, providing optimized, monitored, and safe solar solutions. The company continues to invest in R&D and offers reasonable licensing terms to industry partners. This collaboration aims to drive innovation and deliver safe, reliable solutions for the solar industry.
Tigo Energy, Inc. (NASDAQ: TYGO) ha annunciato che MidNite Solar Inc. ha ottenuto in licenza la tecnologia di spegnimento rapido di Tigo per i suoi prodotti a livello di modulo. Questo accordo di licenza consente a MidNite Solar di utilizzare le tecnologie brevettate da Tigo per il spegnimento rapido e l'ottimizzazione. Tigo, leader nella tecnologia di spegnimento rapido e nell'Elettronica di Potenza a Livello di Modulo (MLPE), detiene oltre 150 brevetti concessi o in fase di richiesta. La loro tecnologia è conforme ai principali standard e requisiti di sicurezza, tra cui UL 1741, IEC 63257 e il Codice Elettrico Nazionale degli Stati Uniti.
I prodotti MLPE di Tigo sono installati a livello mondiale, fornendo soluzioni solari ottimizzate, monitorate e sicure. L'azienda continua a investire in R&S e offre condizioni di licenza ragionevoli ai partner industriali. Questa collaborazione mira a stimolare l'innovazione e a fornire soluzioni sicure e affidabili per l'industria solare.
Tigo Energy, Inc. (NASDAQ: TYGO) ha anunciado que MidNite Solar Inc. ha obtenido una licencia para la tecnología de desconexión rápida de Tigo para sus productos a nivel de módulo. Este acuerdo de licencia permite a MidNite Solar utilizar las tecnologías patentadas de Tigo en desconexión rápida y optimización. Tigo, líder en tecnología de desconexión rápida y Electrónica de Potencia a Nivel de Módulo (MLPE), tiene más de 150 patentes concedidas o pendientes. Su tecnología cumple con los principales estándares y requisitos de seguridad, incluidos UL 1741, IEC 63257 y el Código Eléctrico Nacional de EE. UU.
Los productos MLPE de Tigo están instalados en todo el mundo, proporcionando soluciones solares optimizadas, monitoreadas y seguras. La compañía sigue invirtiendo en I+D y ofrece términos de licencia razonables a los socios de la industria. Esta colaboración tiene como objetivo impulsar la innovación y proporcionar soluciones seguras y confiables para la industria solar.
Tigo Energy, Inc. (NASDAQ: TYGO)는 MidNite Solar Inc.가 모듈 수준 제품에 대해 Tigo의 빠른 차단 기술을 라이센스했다고 발표했습니다. 이 라이센스 계약은 MidNite Solar가 Tigo의 특허 기술을 빠른 차단 및 최적화에 사용할 수 있게 해줍니다. Tigo는 빠른 차단 기술과 모듈 수준 전력 전자(MPLE)의 선두주자로, 150개 이상의 특허를 보유하거나 신청 중입니다. 그들의 기술은 UL 1741, IEC 63257, 미국 국가 전기 코드 등 주요 안전 기준 및 요구 사항을 준수합니다.
Tigo의 MLPE 제품은 전 세계에 설치되어 최적화되고 모니터링되며 안전한 태양광 솔루션을 제공합니다. 이 회사는 R&D에 지속적으로 투자하고 산업 파트너에게 합리적인 라이센스 조건을 제공합니다. 이 협력은 혁신을 촉진하고 태양광 산업을 위한 안전하고 신뢰할 수 있는 솔루션을 제공하는 것을 목표로 합니다.
Tigo Energy, Inc. (NASDAQ: TYGO) a annoncé que MidNite Solar Inc. a obtenu une licence pour la technologie d'arrêt rapide de Tigo pour ses produits au niveau de module. Cet accord de licence permet à MidNite Solar d'utiliser les technologies brevetées de Tigo pour l'arrêt rapide et l'optimisation. Tigo, un leader dans la technologie d'arrêt rapide et l'Électronique de Puissance au Niveau du Module (MLPE), détient plus de 150 brevets accordés ou en attente. Leur technologie respecte les normes et exigences de sécurité clés, y compris UL 1741, IEC 63257 et le Code Électrique National des États-Unis.
Les produits MLPE de Tigo sont installés dans le monde entier, offrant des solutions solaires optimisées, surveillées et sûres. L'entreprise continue d'investir dans la R&D et propose des conditions de licence raisonnables à ses partenaires industriels. Cette collaboration vise à stimuler l'innovation et à fournir des solutions sûres et fiables pour l'industrie solaire.
Tigo Energy, Inc. (NASDAQ: TYGO) hat angekündigt, dass MidNite Solar Inc. die Lizenz für Tigos Rapid Shutdown-Technologie für ihre Modulebene Produkte erworben hat. Diese Lizenzierung ermöglicht es MidNite Solar, Tigos patentierte Technologien für Rapid Shutdown und Optimierung zu nutzen. Tigo, ein führendes Unternehmen im Bereich der Rapid Shutdown-Technologie und der Module Level Power Electronics (MLPE), hat über 150 Patente, die erteilt oder_pending sind. Ihre Technologie entspricht den wichtigsten Sicherheitsstandards und -anforderungen, einschließlich UL 1741, IEC 63257 und dem National Electrical Code der USA.
Tigos MLPE-Produkte sind weltweit installiert und bieten optimierte, überwachte und sichere Solarlösungen. Das Unternehmen investiert weiterhin in Forschung und Entwicklung und bietet seinen Industriepartnern angemessene Lizenzbedingungen an. Diese Zusammenarbeit zielt darauf ab, Innovationen voranzutreiben und sichere, zuverlässige Lösungen für die Solarindustrie bereitzustellen.
- Licensing agreement with MidNite Solar expands Tigo's market reach
- Strong patent portfolio with over 150 patents granted or pending
- Tigo's technology complies with key industry safety standards
- Millions of Tigo MLPE products installed worldwide
- None.
The licensing agreement between Tigo Energy and MidNite Solar represents a strategic move in the solar energy sector, but its immediate financial impact appears While it demonstrates Tigo's strong intellectual property position with over 150 patents granted or pending, the revenue potential from this specific deal is not quantified.
Tigo's MLPE products, installed in millions of units worldwide, suggest a robust market presence. However, without specific financial figures, it's challenging to gauge the direct impact on Tigo's bottom line. The agreement does reinforce Tigo's position as a technology leader in rapid shutdown solutions, which could lead to increased market share and potential revenue growth in the long term.
For investors, this news underscores Tigo's commitment to innovation and its ability to monetize its intellectual property. The company's success in patent disputes and its willingness to license technology on reasonable terms could lead to a steady stream of licensing revenue. However, the lack of financial details makes it difficult to project the immediate impact on Tigo's stock price or financial performance.
Tigo Energy's licensing agreement with MidNite Solar highlights the critical role of Module Level Power Electronics (MLPE) in the solar industry. MLPE technology is important for optimizing solar panel performance and ensuring safety through rapid shutdown capabilities, which are increasingly mandated by regulations like the U.S. National Electric Code.
The compliance of Tigo's rapid shutdown technology with UL 1741, IEC 63257 and SunSpec specifications demonstrates its adherence to rigorous industry standards. This compliance is vital for widespread adoption and integration with various solar system components.
From a technological standpoint, Tigo's extensive patent portfolio in rapid shutdown and optimization technologies positions it as an innovation leader. The willingness to license these patents could accelerate industry-wide adoption of advanced safety features and performance optimization techniques, potentially leading to more efficient and safer solar installations globally.
For the solar industry, this collaboration between Tigo and MidNite Solar could spur further innovation and competition in MLPE solutions, ultimately benefiting end-users with more advanced and cost-effective solar energy systems.
The licensing agreement empowers MidNite Solar to deploy innovative products containing Tigo safety and optimization intellectual property.
Tigo is a leader in rapid shutdown technology and Module Level Power Electronics (MLPE), with more than one hundred fifty (150) patents granted or pending, and actively licenses its patented technology to other solar equipment manufacturers and has prevailed in multiple patent disputes. Tigo rapid shutdown technology is compliant with UL 1741, the Standard for Safety for Inverters, Converters, Controllers and Interconnection System Equipment for Use With Distributed Energy Resources, IEC 63257, the SunSpec rapid shutdown specification, and rapid shutdown requirements of the
“Driving the state-of-the-art forward is fundamental to the success of the solar industry, and I am delighted to see MidNite Solar continue to expand its portfolio with products focused on safety and optimization,” said Zvi Alon, chairman and CEO at Tigo Energy. “Tigo continues to invest in research and development, drive innovation, and deliver safe and reliable solutions for the solar industry. Our patents are the manifestation of this investment, and we offer reasonable and non-discriminatory licensing terms to companies in the industry.”
For more information about the portfolio of Tigo Flex MLPE solutions, please visit the Tigo website and keep up with the latest news by signing up for the Tigo newsletter here.
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.
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Media Relations Contact:
Technica Communications
Luis de Leon
tigoenergy@technica.inc
Investor Relations Contact:
Gateway Group
Matt Glover or Tom Colton
(949) 574-3860
TYGO@gateway-grp.com
Source: Tigo
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