Technologies

NanoString Technologies and Subsidiaries File for Bankruptcy Protection Following $31 Million Patent Infringement Case

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Seattle-based NanoString Technologies and three of its subsidiaries have filed for Chapter 11 bankruptcy protection, citing a $31 million jury award in a patent infringement lawsuit. The dispute arose after rival company 10x Genomics accused NanoString’s GeoMx® Digital Spatial Profiler (DSP) of infringing seven patents exclusively licensed to 10x by Prognosys Biosciences. The jury decided in favor of 10x, awarding them $31 million in damages. NanoString’s shares dropped 50% following the announcement of the award. In response, NanoString withdrew its full-year 2023 guidance to investors, which had projected revenue between $175 million and $185 million. … Read more

Maxeon Solar Technologies Struggles to Find Growth and Profits Despite Promising New Products

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Singapore – Maxeon Solar Technologies, a technology company that specializes in the design, distribution, installation, and servicing of solar panels, is facing challenges in achieving significant growth and profits. While the company offers promising newer products, it has yet to see the desired financial results. Maxeon Solar Technologies is publicly traded on the NASDAQ under the ticker symbol MAXN. What sets this company apart is its unique ownership structure. A Chinese energy company called TCL Zhonghuan Renewable Energy Corporation owns 23% of Maxeon, while Total Energy or TotalEnergies, a prominent French oil company, owns 15%. … Read more