Tigo Energy, Inc. (NASDAQ: TYGO) (“Tigo”), a leading provider of intelligent solar and energy software solutions, today announced that Zerun Co., LTD., a new energy high-tech enterprise specializing in intelligent photovoltaic deployments, has licensed Tigo rapid shutdown technology for its module-level products. Under the agreement, Zerun products are authorized to use technologies described in many Tigo patents related to rapid shutdown.
Tigo is a leader in rapid shutdown technology and Module Level Power Electronics (MLPE), with more than one hundred fifty (150) patents granted or pending, actively licenses its patented technology to other solar equipment manufacturers, and has prevailed in multiple patent disputes. Tigo rapid shutdown technology is compliant with UL 1741, the Standard for Safety for Inverters, Converters, Controllers, and Interconnection System Equipment for Use With Distributed Energy Resources, IEC 63257, and rapid shutdown requirements of the U.S. National Electric Code (NEC). Millions of Tigo MLPE products are installed worldwide, providing optimized, monitored, and safe solar to protect critical solar energy infrastructure and deliver consistent ROI for the lifetime of renewable energy systems.
“We welcome Zerun to the growing group of forward-thinking companies that recognize the importance of innovation and safety in the solar industry,” said Zvi Alon, chairman and CEO at Tigo. “This licensing agreement reinforces our commitment to advancing solar energy with cutting-edge solutions that prioritize safety, reliability, and performance. We look forward to expanding the reach of our patented technologies, driving progress, and creating greater value for solar installers and system owners worldwide.”
