Giga Solar Materials Corp. and Pancolour Ink Co., Ltd. reach a settlement in trade secret infringement case
E210112X4 | Feb. 2021（E255）
Giga Solar Materials Corp. (hereinafter referred to as “Giga Solar”) announced on January 11, 2021 that they have reached a settlement with Pancolour Ink Co., Ltd. (hereinafter referred to as “Pancolour Ink”) on the case involving the trade secrets with respect to the manufacturing information of conductive aluminum paste for solar cells.
Giga Solar has formally signed a settlement agreement that incorporates confidentiality clauses with Pancolour Ink, the president and all related managers of Pancolour Ink. According to the agreement, Pancolour Ink agrees to pay settlement amount to Giga Solar and Giga Solar agrees to withdraw all actions pending at the court. The terms of the agreement are confidential for containing the trade secrets of the parties concerned. (Released 2021.01.12)