JinkoSolar Licenses TOPCon Patents to One of the World's Top Five Solar Cell Companies

Rhea-AI Summary

JinkoSolar Holding Co., Ltd. has signed a TOPCon patent license agreement with a top five solar cell company, granting rights to certain N-type TOPCon related patents for a fee. This follows a similar agreement with a top ten solar module company. With a large number of granted N-type TOPCon patents, JinkoSolar is a leader in N-type TOPCon technology, focused on sustaining its technical leadership based on extensive intellectual property rights.

Market Research Analyst

The recent patent licensing agreement between JinkoSolar and a top-tier solar cell company is a strategic move that could have significant implications for JinkoSolar's market position. Licensing its N-type TOPCon technology, which is a high-efficiency solar cell technology, indicates JinkoSolar's strong intellectual property portfolio and its ability to monetize its R&D investments. This move could potentially lead to an increase in revenue streams from licensing fees and strengthen JinkoSolar's competitive edge in the solar industry.

From a market perspective, this agreement may signal to investors and competitors alike that JinkoSolar is an innovation leader with valuable technology that other major players are willing to invest in. This could positively influence JinkoSolar's stock market performance as the market often responds favorably to companies that demonstrate strong innovation and intellectual property strategies.

Financial Analyst

By entering into a patent license agreement with another leading solar cell company, JinkoSolar is not only leveraging its intellectual property but also diversifying its revenue. The fee-based licensing model provides a sustainable income source that is less volatile compared to the cyclical nature of product sales. This strategy can be particularly beneficial in buffering the company against market downturns or fluctuations in demand for solar modules.

Additionally, such agreements can contribute to improving the company's profit margins, as the cost associated with licensing technology is relatively low compared to the costs of manufacturing and selling physical products. Investors should observe the financial impact of this deal on JinkoSolar's upcoming financial statements, particularly looking at the licensing revenue as a percentage of total revenue and its effect on profit margins.

Legal Expert

Intellectual property rights are crucial in the technology sector and JinkoSolar's focus on enhancing its patent protection system is a testament to that. The licensing agreement not only serves as a revenue generator but also as a legal strategy to protect the company's innovations from potential infringement. By licensing its patents, JinkoSolar sets a legal precedent for its technology's use and establishes its patents' value and enforceability in the industry.

Furthermore, the company's call for industry-wide respect for technology protection is indicative of its commitment to maintaining a fair competitive environment. This stance may also serve as a deterrent against patent litigation risks, which can be costly and damaging to a company's reputation and financial health.

SHANGRAO, China, Feb. 6, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its affiliated company has recently signed a TOPCon patent license agreement with one of the world's top five solar cell companies ("Licensee"), granting rights to certain of its N-type TOPCon related patents to Licensee for a fee, allowing Licensee to use certain JinkoSolar's patented TOPCon technologies in its relevant TOPCon products. This agreement follows the agreement signed with one of the world's top ten solar module companies as announced on January 5, 2024.

With one of the largest number of granted N-type TOPCon patents, JinkoSolar is a leader in N-type TOPCon technology. The company is fully focused on sustaining its technical leadership based on its extensive intellectual property rights.

Dr. Hao Jin, CTO of JinkoSolar, commented: "We are pleased to see that a tier 1 solar cell company in the PV industry has recognized JinkoSolar's TOPCon technology leadership. As one of the largest and most innovative solar module manufacturers in the world, we have long been investing substantial resources in R&D and innovation and enhancing our sustainable competitiveness in the industry through an ever-improving patent protection system. This patent licensing agreement is another concrete example of our commitment to helping other industry players identify opportunities for developing new technologies and products, and to bring more efficient and reliable products to the global market. At the same time, we also call for our entire industry to respect and fully protect technology, a necessary step for China's PV industry to fully mature."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 24 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2023.

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, 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 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.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email:pr@jinkosolar.com 

 

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SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What is the latest announcement from JinkoSolar Holding Co., Ltd.?

JinkoSolar has signed a TOPCon patent license agreement with a top five solar cell company, granting rights to certain N-type TOPCon related patents for a fee.

What is the ticker symbol for JinkoSolar Holding Co., Ltd.?

The ticker symbol for JinkoSolar Holding Co., Ltd. is JKS.

Who is the CTO of JinkoSolar Holding Co., Ltd.?

Dr. Hao Jin is the CTO of JinkoSolar Holding Co., Ltd.

What technology is JinkoSolar focused on?

JinkoSolar is focused on sustaining its technical leadership in N-type TOPCon technology.

What is the significance of the patent licensing agreement?

The agreement shows JinkoSolar's commitment to helping other industry players develop new technologies and products, bringing more efficient and reliable products to the global market.