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SolarEdge Files Patent Infringement Lawsuit Against Huawei and Distributor in Germany

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global
leader in smart energy, announced today that it has filed a lawsuit for
patent infringement against Huawei Technologies Co., Ltd., a Chinese
entity, Huawei Technologies Düsseldorf GmbH, a German entity, and
WATTKRAFT Solar GmbH, a German distributor for Huawei.

The lawsuit, filed in the Regional Court of Mannheim in Germany, one of
the most pre-eminent German patent courts, asserts unauthorized use of
patented technology, which is prohibited by law, and is intended to
protect SolarEdge’s significant investment in its innovative DC
optimized inverter technology. Seeking monetary damages, an injunction,
and recall of infringing Huawei inverters from the German market, the
lawsuit is intended to prevent the defendants from selling any
multi-level inverters infringing upon SolarEdge’s PV inverter technology
protected in the asserted patent in Germany.

“The success of the entire PV industry has been and continues to be
driven by innovative technology that makes PV energy more affordable and
ubiquitous. Such innovation requires significant financial investment
and years of dedication and hard work from skilled R&D engineers. The PV
industry cannot sustain such efforts under the constant threat of, in
our view, illegal use of proprietary technology and we will not remain
silent as our intellectual property is exploited,” stated Guy Sella,
CEO, Chairman, and Founder of SolarEdge. “SolarEdge’s patents and other
intellectual property are the result of our relentless pursuit of
innovation and commitment towards worldwide PV proliferation. In order
to protect our intellectual property, we are taking legal action against
Huawei and its distributor.”

As a global leader in smart energy technology with world-class
engineering capabilities, SolarEdge holds 126 awarded patents, 169
additional patent applications worldwide, and other extensive
intellectual property covering smart energy technology.

About SolarEdge:

SolarEdge is a global leader in smart energy technology. By leveraging
world-class engineering capabilities and with a relentless focus on
innovation, SolarEdge creates smart energy solutions that power our
lives and drive future progress. SolarEdge developed an intelligent
inverter solution that changed the way power is harvested and managed in
photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to
maximize power generation while lowering the cost of energy produced by
the PV system. Continuing to advance smart energy, SolarEdge addresses a
broad range of energy market segments through its PV, storage, EV
charging, UPS, and grid services solutions. SolarEdge is online at http://www.solaredge.com

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