ITEM 1 LEGAL PROCEEDINGS
−Removed: In our Annual Report on Form 10-K for the year ended December 31, 2020 we disclosed that in May 2019, we were served with three lawsuits by Huawei Technologies Co., Ltd., a Chinese entity (“Huawei”), against our two Chinese subsidiaries and our equipment manufacturer in China.
−Removed: The lawsuits, filed in the Guangzhou Intellectual property court, alleged infringement of three patents and ask for an injunction of manufacture, use, sale and offer for sale,.
−Removed: A first-instance judgment was issued on August 7, 2020 ordering the three defendants to collectively pay damages in the amount of approximately $1.6 million (including court fees) with respect of one of the patents.
−Removed: We appealed this judgement with the Supreme People’s Court.
−Removed: The first instance court’s judgement is not effective or enforceable pending the appeal.
−Removed: In addition, in January 2021, Huawei filed a motion to increase its claimed monetary damages to approximately $7.7 million and for a preliminary injunction with respect to the second lawsuit.
−Removed: In February 2021, the preliminary injunction was rendered by the Guangzhou intellectual property court applying to seven inverter models.
−Removed: In line with the court’s mandate, we took immediate action to make software changes to meet the court order and also appealed the decision.
−Removed: In addition, on February 22, 2021 a first-instance judgment was issued ordering the three defendants to collectively pay damages in the amount of approximately $7.7 million (including court fees) with respect to the second patent.
−Removed: We appealed this judgement with the Supreme People’s Court.
−Removed: The first instance court’s judgement is not effective or enforceable pending the appeal.
−Removed: We believe that we have meritorious defenses to the claims asserted by Huawei.
−Removed: In addition in the normal course of business, we may from time to time be named as a party to various legal claims, actions and complaints (including as a result of initiating such legal claims, action or complaints on behalf of the Company), including the matters described in Item 3 –
+Added: In the normal course of business, we may from time to time be named as a party to various legal claims, actions and complaints (including as a result of initiating such legal claims, action or complaints on behalf of the Company), including the matters described in Item 3 –
“Legal Proceedings”
−Removed: of our Annual Report on Form 10-K/A for the period ended December 31, 2020.
+Added: of our Annual Report on Form 10-K/A for the period ended December 31, 2020 and Part II –
+Added: Other Information;
+Added: Item 1- “Legal Proceedings”
+Added: of our Quarterly Report on form 10-Q for the period ended March 31, 2021.
It is impossible to predict with certainty whether any resulting liability from any such legal claims, actions or complaints would have a material adverse effect on our financial position, results of operations or cash flows.
ITEM 1A RISK FACTORS
−Removed: There have been no material changes to the risk factors as described in Part I, Item 1A, "Risk Factors,"
−Removed: in our Annual Report on Form 10-K/A for the year ended December 31, 2020.
+Added: There have been no material changes to the risk factors as described in Part I, Item 1A, “Risk Factors”, in our Annual Report on Form 10-K/A for the year ended December 31, 2020.
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.