Beiersdorf Settles Pending Patent Infringement Litigation With NeoStrata Company Subsidiary TriStrata Technology Inc.PRINCETON, N.J.--(BUSINESS WIRE)--Nov. 17, 1999-- TriStrata Technology Inc. ("TTI TTI Texas Transportation Institute TTI Thoracic Trauma Index TTI Transmission Time Interval TTI Travel Time Index TTI Travel Technology Initiative TTI Technology Transfer Initiative TTI Traffic and Traveller Information TTI Technology Transfer Institute ") and Beiersdorf, AG and Beiersdorf Inc. ("Beiersdorf") have settled the patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. currently pending between the two companies in the United States District Court for the District of Delaware The United States District Court for the District of Delaware is the Federal district court having jurisdiction over the entire state of Delaware. The Court sits in Wilmington. Currently, three judges and two magistrate judges preside over the court. . The settlement resolves litigation concerning TTI's claim of patent infringement arising from Beiersdorf's use of certain United States patents owned by TTI relating to the use of alpha hydroxyacids for the reduction of human skin wrinkles and the alleviation of the signs of dermatological aging. The settlement consists of a license agreement, the financial terms of which are confidential. TTI is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NeoStrata Company Inc., founded by Drs. Ruey Yu, O.M.D., Ph.D. and Eugene Van Scott, M.D., who are widelyd who are the inventors of over 70 patents relats the most recent defendant to settle the patentns and that TTI is committed to continue the viI's AHA technology including Allergan, Avon, Brarmaceuticals, M.D.F. Acquisitions Corporation aveloping Alpha Hydroxyacid technology and formurand products are marketed to dermatologists andistributors. It has also recently launched Exuvhotodamaged skin and other dermatological conding the use of AHAs in dermatology and skin care. NeoStrata Company and its founders continue to focus onions. |
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