15 Nov 2019
Jinko Solar Holding Co., Ltd. (NYSE: JKS) (“Jinko Solar”), one of the largest and most innovative solar module manufacturers in the world, today announced that the Administrative Law Judge (“ALJ”) in U.S. International Trade Commission Investigation No. 337-TA-1151 (“the 1151 Investigation”) issued an order indicating that Jinko Solar’s motion for summary determination of non-infringement will be granted within two weeks.
The 1151 Investigation was initiated by Hanwha Q CELLS in March 2019 on the basis of a single patent asserted against Jinko Solar. In September, the ALJ interpreted the meaning and scope of the patent claims, and today announced that Jinko Solar’s motion for summary determination will be granted and the hearing has been stayed indefinitely.
“From the beginning, we have said that Hanwha Q CELLS’ complaints were without technical or legal merit, and were only meant to slow us down. We are very pleased with today’s order, which validates our position,” said Kangping Chen, CEO of Jinko Solar. “Jinko Solar believes healthy, fair competition is good for customers and we look forward to continuing to do what we do best: selling innovative, high-powered solar modules to our customers.”
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, as amended, 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 Jinko Solar'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.