Solidion Technology Plans To Submit Complaint To U.S. International Trade Commission To Seek Remedies Under Tariff Act For Use Of Its Foundational Battery Technology Portfolio By Foreign Firms
Benzinga Newsdesk 6 months ago
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Solidion Technology Inc. ("Solidion" or the "Company") (NASDAQ:STI), an advanced battery technology solutions provider, announced that it intends to file a complaint with the U.S. International Trade Commission (ITC)
Solidion Technology Inc. ("Solidion" or the "Company") (NASDAQ:STI), an advanced battery technology solutions provider, announced that it intends to file a complaint with the U.S. International Trade Commission (ITC) seeking remedies under Section 337 of the Tariff Act of 1930 (19 U.S.C. § 1337) for repeated use by large, well known foreign entities of the Company's foundational battery technology portfolio as well as its cutting edge materials. The Company previously announced that it has entered into a binding agreement with Hilco Global (a subsidiary of Orix Company) to monetize its massive IP energy portfolio and enforce its patent rights.