Shoals Technologies Group Prevails in Patent Infringement Case Against Voltage in North Carolina

PORTLAND, Tenn., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced a favorable outcome in its patent infringement lawsuit against Voltage, LLC and Ningbo Voltage Smart Production Co. (collectively “Voltage”) in the U.S. District Court for the Middle District of North Carolina.

In a decisive win for Shoals during today’s ruling, the jury found that Voltage willfully infringed Shoals’ patents, awarded Shoals over $96 million in damages and soundly rejected Voltage’s arguments challenging the validity of Shoals’ patents. The judgment is subject to potential further increase at the Court’s discretion due to the jury’s finding of willfulness. Further, the Court indicated that it will grant a preliminary injunction preventing the manufacture, distribution or sale of the Voltage LYNX product in the United States with immediate effect.