Market Overview

SolarEdge Extends Lawsuit against Huawei and Distributor in Germany to Two Additional Patents


Further Patents Asserted to Protect SolarEdge's Patented Power
Optimizer Technology

SolarEdge Technologies, Inc. ("SolarEdge") (NASDAQ:SEDG), a global
leader in smart energy, announced today that it has extended its lawsuit
pending in the Mannheim District Court, Germany, against Huawei
Technologies Co., Ltd., a Chinese entity, Huawei Technologies Düsseldorf
GmbH, a German entity, and WATTKRAFT Solar GmbH, a German distributor
for Huawei, by asserting two additional patents related to its power
optimizer technology.

Also with regard to these two additional patents, SolarEdge asserts
unauthorized use of patented technology, which is prohibited by law, and
is intended to protect SolarEdge's significant investment in its
innovative power optimizer technology. Seeking inter alia monetary
damages, an injunction with regard to the German market, and recall of
infringing Huawei optimizers from the German market, the lawsuits are
intended to prevent the defendants from selling any optimizers as far as
they do infringe upon SolarEdge's IP on either of the two patents now
asserted in Germany.

"SolarEdge has strived to advance the PV industry by overcoming
limitations of standard PV systems through the introduction of its
innovative DC optimization technology, in our view making solar energy
more attractive and accessible. These advancements, resulting from
dedication, engineering expertise, and significant investment in R&D,
can only achieve their full potential when safeguarded by an industry
that respects healthy and fair competition," stated Guy Sella, CEO,
Chairman, and Founder of SolarEdge. "What we view as illegal use of
proprietary technology can stifle the solar industry during this
critical period of global energy transformation. Our actions are meant
to ensure the integrity of the entire PV industry, secure a level
playing field, and protect SolarEdge's intellectual property."

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. SolarEdge has
shipped 7.5GW of systems worldwide, among which includes 25.2 million
power optimizers and 1.1 million inverters.

In June of 2018, SolarEdge announced that it had filed its first patent
infringement lawsuit in Germany against Huawei Technologies Co., Ltd.,
Huawei Technologies Düsseldorf GmbH, and WATTKRAFT Solar GmbH, relating
to its patented inverter 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

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