Brief: Maxeon Solar Pte Terminates Solar Module Supply Deal With Origis Procurement

Maxeon Solar Technologies

30/05/2024 12:28

May 30 (Reuters) - Maxeon Solar Technologies Ltd
 MAXN.O :
    * MAXEON SOLAR TECHNOLOGIES: ON MAY 14, UNIT TERMINATED
SOLAR
MODULE SUPPLY DEAL, DATED DEC 22, 2023 & 2 PURCHASE ORDERS WITH
ORIGIS PROCUREMENT, LLC
    * MAXEON SOLAR TECHNOLOGIES: MAXEON SOLAR PTE. LTD
TERMINATED SMSA
& PURCHASE ORDERS DUE TO ORIGIS' FAILURE TO PURCHASE ANY MODULES
AS REQUIRED BY SMSA
    * MAXEON SOLAR TECHNOLOGIES: ORIGIS CLAIMED ITS LIABILITY TO
UNIT
WAS TO PAY CONTRACTUALLY-REQUIRED CANCELLATION AMOUNTS

Source text for Eikon:  ID:n0001796898-24-000031 
Further company coverage:  MAXN.O 

 ((Reuters.Briefs@thomsonreuters.com;))