Recently, Maxeon Solar Technology Co., Ltd. ("Maxeon") and Tongwei Solar (Hefei) Co., Ltd. ("Tongwei") have reached a global settlement regarding the patent dispute over shingled cell technology. This achievement not only marks an important milestone in respecting intellectual property rights and fostering technological innovation cooperation but also sets a benchmark for resolving intellectual property disputes within the photovoltaic industry. As Maxeon's strategic partner, PurpleVine IP Group ("PurpleVine") provided comprehensive professional support throughout the process, including legal consultation, strategy formulation, and negotiation coordination, ultimately facilitating the successful resolution of this dispute.

PurpleVine extends its sincere congratulations to Maxeon and Tongwei on reaching this global settlement over shingled cell technology and believes that this is of significant importance to the industry. The settlement showcases the high professionalism and collaborative spirit exhibited by both parties when addressing intellectual property disputes, while also sending a positive signal to the broader photovoltaic industry: resolving disputes through friendly negotiations is a feasible and beneficial approach. Such cases provide valuable insights for other companies navigating similar issues, contributing to the establishment of a healthier and more harmonious competitive environment and raising awareness of intellectual property protection across and beyond the industry.

Looking ahead, PurpleVine remains committed to its consistent professionalism and deep understanding of industry, dedicated to providing high-quality intellectual property services and patent licensing solutions for industrial clients. We firmly believe that as more companies prioritize technological innovation and respect intellectual property, the global photovoltaic industry will experience unprecedented growth. PurpleVine looks forward to collaborating with more industry partners to drive technological advancements, leading the sustainable development of the entire industry through cutting-edge science and technology and high-value patent assets.