24/7 Market News- Shoals Technologies Receives Favorable Initial Ruling in Its ITC Case Against Voltage

September 3, 2024

DENVER, Colo., Sep 03, 2024 (247marketnews.com)- Shoals Technologies Group (Nasdaq: SHLS) reported receiving a favorable legal ruling from the U.S. International Trade Commission (“ITC”) in its patent infringement complaint against Voltage, on August 30, 2024, when an ITC Administrative Law Judge issued an initial ruling finding that Voltage violated Section 337 of the Tariff Act of 1930 by importing infringing LYNX trunk bus products into the United States.

Voltage was also found to have violated two new patents covering Shoals’ BLA technology, U.S. Patents 12,015,375 and 12,015,376, in addition to the ‘153 (US Patent 11,689,153) patent.

If the ITC ruling is upheld, the patent infringement ruling will prevent the unlawful imports of photovoltaic connectors that infringe on intellectual property owned by Shoals for improved solar panel array connectors.

Brandon Moss, CEO of Shoals, stated, “This initial ruling represents a huge victory for Shoals, the U.S. solar industry and American jobs.

“By enforcing our patents, we can continue to drive innovation, protect American intellectual property and jobs, and ensure that only compliant and authorized products reach the U.S. market. This decision reinforces our commitment to fair competition and the integrity of our industry.”

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