Maxeon Solar Technologies Expands Patent Infringement Actions Against Aiko and its Distribution Network | MAXN Stock News

New lawsuit filed in Munich, Germany claims Aiko and its European distributors infringe Maxeon's Back Contact solar technology IP, /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that it has filed a new patent infringement lawsuit against Aiko Solar before the Munich Regional Court I in Germany. The lawsuit accuses Aiko and its European distribution network of infringing Maxeon's core back contact (BC) solar technology patent EP2297789B1 (referred to as "EP789"), specifically addressing Aiko's second-generation (Gen 2) and third-generation (Gen 3) BC solar module products currently sold in the European market.This lawsuit follows Maxeon's previous intellectual property protection actions against Aiko and its sales channel, including a 2023 complaint filed before the Mannheim Regional Court concerning infringement of Maxeon patent EP2297788, and a 2024 complaint before the Unified Patent Court (UPC) Local Division in Düsseldorf regarding infringement of Maxeon patent EP3065184. All three patents belong to the same BC solar technology family.Maxeon is seeking a court order for Aiko and the other defendants to refrain from infringing activities (i.e., a permanent injunction), disclose sales data for the accused products, and compensate for damages. Maxeon also seeks the destruction of infringing inventory held in Germany. Maxeon has not only targeted Aiko's manufacturing and sales entities but has also named four major German solar product distributors—Wattkraft GmbH & Co. KG, DWH Solutions GmbH, Memodo GmbH, and Tepto GmbH—as co-defendants."Maxeon strongly believes in free and fair competition and respecting hard-earned intellectual property rights across the entire sales channel, especially manufacturers, distributors, and major customers. Distributors who sell infringing products can be liable for injunctions and damages, even if they are not manufacturers," said Marc Robinson, Maxeon's Associate General Counsel. "As in our prior actions against Aiko, we continue to target distributors as defendants. This lawsuit should serve as a reminder that patent infringement risk is not limited to manufacturers. Manufacturers and distributors of infringing product each carry risks of patent infringement."Maxeon has sold its solar products in the European market since 2007 under the SunPower brand, which is now marketed by TCL SunPower.About Maxeon Solar TechnologiesMaxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon leverages 40 years of solar energy leadership and over 2,000 granted patents to design innovative and sustainably made solar panels and energy solutions for residential, commercial, and power plant customers. For more information about how Maxeon is Powering Positive Change™ visit us at www.maxeon.com, and on LinkedIn.Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding our future plans and areas of focus, our positioning and business plans for future success, and our positioning to enforce patent rights. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission ("SEC") from time to time, including our most recent report on Form 20-F, particularly under the heading "Item 3.D. Risk Factors." Copies of these filings are available online from the SEC or on the Financials & Filings section of our Investor Relations website https://corp.maxeon.com/financials-filings/sec-filings.All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.SOURCE Maxeon Solar Technologies, Ltd.