Maxeon and Tongwei Solar Announce Settlement Agreement Resolving Patent Infringement Lawsuit

Company Overview - Maxeon Solar Technologies is headquartered in Singapore and has nearly 40 years of experience in solar energy, holding over 2,000 granted patents for innovative solar panels and energy solutions [1] - Tongwei Solar (Hefei) Co., Ltd., controlled by Tongwei Co., Ltd., has developed a high-efficiency module R&D team and established a competitive module business system, serving major power generation companies in China and over 40 countries [3] Recent Developments - Maxeon Solar Technologies and Tongwei Solar announced a Settlement and Cross-Licensing Agreement effective November 30, 2024, concerning shingled solar cell and module technology and related patent disputes [5]