Tigo Energy Files Patent Infringement Suit Against Zhejiang Benyi New Energy Co., Ltd.
September 09 2024 - 5:00PM
Business Wire
The complaint against Zhejiang Benyi covers
devices related to Tigo rapid shutdown Intellectual Property
(IP).
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240909300720/en/
Technica Communications Cait Caviness Email:
tigoenergy@technica.inc
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