Canadian Solar (CSIQ) Comments on Trina Solar Patent Infringement Complaint

Canadian Solar Inc. (NASDAQ: CSIQ), today issued the following comment:

On October 8, 2024, Trina Solar Co., Ltd., ("Trina"), a Chinese competitor of Canadian Solar, filed a complaint for patent infringement in the U.S. District Court for the District of Delaware lawsuit against three of the Company's U.S. subsidiaries. The suit alleges that the subsidiaries are directly or indirectly infringing on two U.S. patents held by Trina relating to tunnel oxide passivated contact solar photovoltaic module technology (commonly referred to in the solar industry as "TOPCon" technology).

As one of the largest solar product manufacturers in the world, Canadian Solar manufactures and sells many different types of solar products, including TOPCon solar modules, to customers both in the United States and elsewhere in the world. Canadian Solar has itself filed and received thousands of patents in various jurisdictions for solar cells and related technologies.

"Canadian Solar respects and takes very seriously its own intellectual property rights and those of third parties. In our view, this is a frivolous lawsuit, and we expect the court will find that our proprietary TOPCon technology does not infringe on the patents claimed by Trina," remarked Adam Walters, General Counsel, Americas for Canadian Solar's Modules and Systems Solutions business.

Canadian Solar will continue to deliver high quality solar products in the United States and globally, as it has for more than 20 years since its founding in Guelph, Canada.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery energy storage solutions, and developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. Over the past 23 years, Canadian Solar has successfully delivered over 133 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11 GWp of solar power projects and 3.7 GWh of battery energy storage projects across the world. Currently, the Company has approximately 1.6 GWp of solar power projects in operation, 6.5 GWp of projects under construction or in backlog (late-stage), and an additional 20.9 GWp of projects in advanced and early-stage pipeline. In addition, the Company has 1 GWh of battery energy storage projects in operation and a total battery energy storage project development pipeline of around 63 GWh, including approximately 8.5 GWh under construction or in backlog, and an additional 54.3 GWh at advanced and early-stage development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

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