Tigo Energy, Inc., the solar industry worldwide leader in Flex MLPE (Module Level Power Electronics), announced that it has reached a settlement with Altenergy Power Systems (“APsystems”) over a lawsuit regarding the infringement of Tigo’s intellectual property by APsystems. As part of the settlement, APsystems obtained a license to use Tigo’s rapid shutdown technology.
“Ultimately, we believe this arrangement is a win for PV customers everywhere,” stated Zvi Alon, Chairman and CEO of Tigo. “I want to thank APsystems for recognizing our intellectual property and arriving at an outcome that works for all parties involved.”
Tigo endorses the need to provide customers alternative solutions and will cooperate with APsystems to continue the development of leading edge solutions.