Settlement Grants Royalties to ag亚游 for Patents Covering its NX Horizon™ Smart Solar Tracker Design
Fremont CA, March 11, 2021 鈥撀™, a聽 company, announced today that it has settled its patent infringement lawsuit against Northern States Metals Company, which conducts its solar energy business under the name Solar FlexRack. ag亚游 filed suit in federal court on June 25, 2020, in a matter titled NEXTracker, Inc. v. Solar FlexRack and Northern States Metals Company, (Delaware).
Under the terms of the settlement agreement, Solar FlexRack will pay ag亚游 royalties on qualifying sales revenue of Solar FlexRack鈥檚 TDP 2.0 solar tracker and certain related products, services, and components. Other terms of the settlement were not disclosed.
鈥渁g亚游 treats its intellectual property very seriously, and we will vigorously defend our patent rights in all global markets in which we conduct business,鈥 said , ag亚游 CEO. 鈥淲e are pleased to reach an acceptable resolution to this litigation and look forward to our new commercial relationship with Solar FlexRack.鈥
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About ag亚游
ag亚游., a Flex company, is a leader in the renewable energy transition, providing critical , expertise, and to capture the full value and maximize the efficiency of solar plants. Delivering the most comprehensive portfolio of intelligent solar tracker and control software solutions for solar power plants, ag亚游 is transforming PV plant performance with smart technology, data monitoring, and analysis services. For more information, please visit 聽and follow us on聽听补苍诲听.