JinkoSolar and REC Group Petition for Review of Hanwha Q CELLS Patent

SHANGHAI and MUNICH, June 7, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) ("JinkoSolar"), one of the largest and most innovative solar module manufacturers in the world, and REC Group  ("REC"), the largest European brand for solar photovoltaic (PV) panels, are challenging the validity of a patent asserted against the companies in litigation brought by Hanwha Q CELLS.  JinkoSolar and REC jointly filed a petition for inter partes review (IPR) of U.S. Patent No. 9,893,215 B2 with the Patent Trial and Appeal Board (PTAB) on June 3 arguing that prior art renders the '215 B2 patent claim anticipated or obvious in light of five prior art grounds. 

As the Petition explains, claims 12-14 of the '215 patent are invalid as anticipated by, or obvious in view of, the prior art.  All of these grounds are distinct from the unpatentability grounds presented in the separate IPR petition filed by LONGi Solar on May 13, 2019. 

"The inter partes review process is an important safeguard against poor quality patents that suppress innovation in the market.  Hanwha Q CELLS' assertion of the '215 patent against its competitors is technically unfounded and threatens to stifle the industry's transition to grid parity solar, driving up  electricity prices for homeowners, businesses, and utilities," said Kangping Chen, CEO of JinkoSolar.  "Additionally, the fact that all three respondents in the ITC action challenge the validity of this single patent on multiple, independent grounds, further demonstrates the weakness of Hanwha's case."

"As an innovator and leader in the solar industry," said Steve O'Neil, CEO of REC Group, "REC values the importance of protecting intellectual property and views the patent system as an important tool for encouraging innovation; Hanwha Q CELLS, however, seeks to misuse this system to compete in the courts rather than the U.S. market.   We believe that the '215 patent is invalid and Hanwha Q CELLS' allegations of infringement are unjustified.  As shown by our joint IPR filing, REC will continue to defend itself vigorously against Hanwha Q CELLS' meritless claims."

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About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the world's largest and foremost solar module manufacturers. 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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 9.7 GW for silicon wafers, 7.0 GW for solar cells, and 10.8 GW for solar modules, as of December 31, 2018.

JinkoSolar has over 12,000 employees across its 7 production facilities globally, 15 oversea subsidiaries in Japan, Korea, Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and United Arab Emirates, and global sales teams in China, United Kingdom, France, Netherlands, Spain, Bulgaria, Greece, Romania, Ukraine, Jordan, Saudi Arabia, Tunisia, Egypt, Morocco, Nigeria, Kenya, South Africa, Costa Rica, Colombia, Panama and Argentina.

To find out more, please see: www.jinkosolar.com

About REC Group

Founded in Norway in 1996, REC Group is a leading vertically integrated solar energy company. Through integrated manufacturing from silicon to wafers, cells, high-quality panels and extending to solar solutions, REC Group provides the world with a reliable source of clean energy. REC's renowned product quality is supported by the lowest warranty claims rate in the industry. REC Group is a Bluestar Elkem company with headquarters in Norway and operational headquarters in Singapore. REC Group employs 2,000 people worldwide, producing 1.5 GW of solar panels annually.

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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

or

Agnieszka Schulze
Head of Global PR, REC Group
Tel.: +49 89 4 42 38 59 39
E-mail: agnieszka.schulze@recgroup.com 

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