Maxeon Solar announces Back Contact license pact with Shanghai Aiko

Maxeon Solar (MAXN) and Shanghai Aiko Solar Energy announced that the two parties have formally reached an agreement to license Maxeon’s Back Contact solar cell and module patents. Pursuant to the agreement, Aiko will obtain a license to all of Maxeon’s BC solar cell and module patents outside of the United States, including both existing patents and those to be newly added over the next five years. Also pursuant to the agreement, Maxeon has agreed to fully withdraw and terminate all pending and potential patent enforcement actions against Aiko, and Aiko has agreed to withdraw and terminate all invalidation efforts against Maxeon’s patents.