Shoals Technologies Group, Inc. ("Shoals") (NASDAQ: SHLS), a global leader in electrical balance of system ("EBOS") solutions for the energy transition market, has announced a favorable legal ruling from the U.S. International Trade Commission ("ITC") in its patent infringement complaint against Voltage, LLC. An administrative law judge at the ITC issued an initial ruling on August 30, 2024, finding that Voltage violated section 337 of the Tariff Act of 1930 by importing infringing Lynx trunk bus products into the United States.
In addition to this legal victory, Shoals has received two new patents covering its Big Lead Assembly (BLA) technology. The U.S. patents 12,015,375 and 12,015,376, in addition to the '153 (US Patent 11,689,153) patent, further solidify Shoals' intellectual property rights and innovations in the solar industry.
Shoals' patented BLA connectors, invented and manufactured in the U.S., offer significant savings by reducing the need for combiner boxes, minimizing material and labor costs, and providing long-term maintenance benefits. The company's CEO, Brandon Moss, emphasized that this ruling represents a win for Shoals, the U.S. solar industry, and American jobs. He highlighted the importance of enforcing patents to drive innovation, protect American intellectual property and jobs, and ensure that only compliant and authorized products reach the U.S. market.
The company plans to resume the currently stayed district court case in the middle district of North Carolina against Voltage, on the same subject matter, to pursue monetary damages following final disposition of the ITC case. Shoals remains committed to investing in and protecting American jobs, manufacturing, and intellectual property.
This legal victory is a significant development for Shoals as it continues to prioritize protecting its valuable portfolio against infringement and upholding fair competition in the industry.
Shoals Technologies Group is a leading provider of EBOS solutions for the energy transition market. Founded in 1996, the company has introduced innovative technologies and system solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability.
For additional information about Shoals Technologies Group, please visit their website. The market has reacted to these announcements by moving the company's shares 0.9% to a price of $5.39. For the full picture, make sure to review Shoals Technologies's 8-K report.
