litigation
confidence high
sentiment positive
materiality 0.80
Shoals secures initial ITC ruling that Voltage infringed patents on BLA connectors
Shoals Technologies Group, Inc.
- ITC administrative law judge found Voltage violated Section 337 by importing infringing LYNX trunk bus products.
- If upheld, ruling will block unlawful imports of photovoltaic connectors that infringe Shoals' patents.
- Shoals also issued two new patents (US 12,015,375 and 12,015,376) covering BLA technology.
- ITC investigation target completion late Dec 2024; final resolution after Presidential review by Feb 2025.
- Shoals plans to resume stayed district court case in North Carolina to pursue monetary damages.