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CMI CORPORATION WINS FINAL JUDGMENT AGAINST ASTEC INDUSTRIES

 CMI CORPORATION WINS FINAL JUDGMENT AGAINST ASTEC INDUSTRIES
 OKLAHOMA CITY, Jan. 31 /PRNewswire/ -- CMI Corporation (AMEX: CMX) announced today the United States District Court for the Eastern District of Tennessee has issued a final judgment in favor of CMI Corporation against Astec Industries of Chattanooga, Tenn., in its patent infringement case against the Tennessee company. The damages awarded, which include attorney fees as a result of willful infringement by Astec, granted CMI a net award of $14,574,383.
 This final judgment is the conclusion of a liability trial held in April 1988 whereas Astec Industries was ruled to have infringed certain CMI patents relating to proprietary technology and processes for the recycling of hot-mix asphalt paving materials through asphalt drum mix plants. The damage trial was concluded in August 1989 and this final judgment is a result of these two trials against Astec.
 This award to CMI is in addition to a prior final judgment for patent infringement damages against the Barber-Greene Company, a wholly owned subsidiary of Astec Industries, in the amount of $7,294,596 plus post judgment interest to date of $707,571. The Barber-Greene case is currently under appeal to the United States Court of Appeals for this Federal Circuit in Washington, D.C.
 -0- 1/31/92
 /CONTACT: Jim D. Holland, vice president and treasurer of CMI Corporation, 405-787-6020/
 (CMX) CO: CMI Corporation; Astec Industries ST: Oklahoma, Tennessee IN: SU:


PS -- NY077 -- 5856 01/31/92 18:51 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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