Legal Proceedings Report • Apr 27, 2017
Legal Proceedings Report
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Asetek today announced that it has received payment of approximately \$600 thousand as awarded in a patent infringement lawsuit against CMI USA, Inc.
In December 2014, the U.S. District Court unanimously ruled in favor ofAsetek on all claims in a patent infringement lawsuit against CMI USA, Inc. ("CMI") involvingAsetek's U.S. Patents 8,240,362 and 8,245,764. The jury awardedAsetek damages representing a 14.5% royalty on CMI's infringing sales since 2012. After an appeal by CMI, the Federal Circuit U.S. Court ofAppeals issued an opinion inApril 2017 affirming the prior rulings regarding infringement, validity, damages and injunction against CMI. Payment from CMI of approximately \$600 thousand, including interest, was received by Asetek today.
"This award signifies another successful defense ofAsetek's intellectual property," saidAndré Sloth Eriksen, founder and CEOofAsetek. "As part of efforts to build and maintain market share, we closely review and assess all competitive offerings for infringement of our patents. We are pleased with our success in defending them."
Asetek (ASETEK.OL) is the global leader in liquid cooling solutions for data centers, servers and PCs. Founded in 2000, Asetek is headquartered in Denmark and has operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo Stock Exchange.
CEOand Founder André S. Eriksen, +45 2125 7076, email: [email protected] CFO Peter Dam Madsen, +45 2080 7200, email: [email protected] For more information, visit www.asetek.com Asetek's press room is available on www.asetek.com/press-room/news/
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