JinkoSolar Receives Favorable Final Determination of Non-Infringement in U.S. ITC Patent Investigation Brought by Hanwha Q CELLS
JACKSONVILLE,Fla.,June4,2020 -- JinkoSolar Holding Co.,Ltd. (NYSE: JKS),one of the largest and most innovative solar module manufacturers in the world,today announced that the United States International Trade Commission ("ITC") issued a favorable final determination concluding JinkoSolar's products do not infringe a patent asserted by Hanwha Q CELLS.
In March 2019,Hanwha initiated ITC Investigation No. 337-TA-1151 against JinkoSolar,LONGi Solar,and REC Group,asserting that the companies infringe U.S. Patent No. 9,893,215.
On June 3,2020,the Commission issued its final determination in JinkoSolar's favor,affirming the Administrative Law Judge's initial determination in April,which was based on analysis of detailed,expert testimony,that JinkoSolar's products do not infringe Hanwha's patent.
"We welcome this final decision from the ITC,confirming what we have known all along: our products do not infringe Hanwha's patent," said Kangping Chen,CEO of JinkoSolar. "From the start,we have believed that the case brought by Hanwha was legally and technically meritless and atransparent attempt to disrupt innovation and slow our momentum. The ALJ's decision confirms that Hanwha should never have brought this case in the first place. JinkoSolar is a true innovator,and this outcome validates our technology. Our top priority is to provide our customers around the world with the industry-leading,sustainable,high-quality,high-performance solar modules they have come to expect from us."
About JinkoSolar Holding Co.,Ltd.
JinkoSolar(NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world.JinkoSolardistributes its solar products and sells its solutions and services to a diversified international utility,commercial and residential customer base inChina,the United States,Japan,Germany,theUnited Kingdom,Chile,South Africa,India,Mexico,Brazil,theUnited Arab Emirates,Italy,Spain,France,Belgium,and other countries and regions.JinkoSolarhas built a vertically integrated solar product value chain,with an integrated annual capacity of 11.5 GW for mono wafers,10.6 GW for solar cells,and 16 GW for solar modules,as ofDecember 31,2019.
JinkoSolarhas over 15,000 employees across its 7 productions facilities globally,14 overseas subsidiaries inJapan,South Korea,Vietnam,Turkey,Switzerland,United States,ChileandAustralia,and global sales teams inChina,United Kingdom,Bulgaria,Greece,Ukraine,Jordan,Saudi Arabia,Tunisia,Morocco,Kenya,Costa Rica,Colombia,Panama,Kazakhstan,Malaysia,Myanmar,Sri Lanka,Thailand,PolandandArgentina.
To find out more,please see:www.jinkosolar.com.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933,as amended,and Section 21E of the Securities Exchange Act of 1934,and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things,the quotations from management in this press release and the Company's operations and business outlook,contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission,including its annual report on Form 20-F. Except as required by law,the Company does not undertake any obligation to update any forward-looking statements,whether as a result of new information,future events or otherwise.
Contact
For investor and media inquiries,please contact:
InChina
Ms. Ripple Zhang
JinkoSolar Holding Co.,Ltd.
Tel: +86 21-5183-3105
Email:ir@jinkosolar.com
Mr.Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email:carnell@christensenIR.com
In the US
Ms.Linda Bergkamp
Christensen,Scottsdale,Arizona
Tel: +1-480-614-3004
Email:lbergkamp@ChristensenIR.com
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