Cohesant Technologies Announces the Dismissal of the Patent Infringement Suit with Graves Supply, Inc.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--June 6, 2002 Cohesant Technologies Inc. (Nasdaq:COHT) today announced the settlement of 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. claims brought against the Company's subsidiary Glas-Craft Inc. (GCI GCI Ground Circuit Interrupter GCI Getty Conservation Institute GCI Global Commerce Initiative GCI Green Cross International (non-profit international environmental organization) GCI Growth Competitiveness Index GCI Great Cities Institute ) by Graves Supply Inc. (Graves). The settlement included no payments by either party, no admission of patent infringement, and the dismissal of both party's legal actions. Morris H. Wheeler, the Company's President and Chief Executive Officer, stated, "I am pleased to put this lawsuit behind us." Cohesant also announced today that GCI has introduced an improved INDy spray nozzle A spray nozzle is a device that facilitates the formation of spray. When a liquid is dispersed as a stream of droplets (atomization), it is called a spray. The typical purpose of the spray is to maximize the effect of the liquid by increasing the total surface area for better . The redesigned spray nozzle utilizes a multiple port impingement design. This unique configuration provides a stabilizing effect on the polyester as it is being dispensed, which leads to low levels of styrene sty·rene n. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. emissions. All of the INDy dispense technology has been extensively tested at the Coatings Applications Research Laboratory (CARL) located at Purdue University Purdue University (pərdy  `, -d`), main campus at West Lafayette, Ind. , in Lafayette, Indiana Lafayette (IPA: [ˈlɑ.fəˌjɛt]) is a city in Tippecanoe County, Indiana, U.S., 63 miles (101 km) northwest of Indianapolis. . The unique
design of the INDy has consistently produced low levels of styrene
emissions for open mold polyester processing.
Cohesant Technologies Inc., based in Indianapolis, Indiana, designs, develops, and manufactures specialized spray finishing and coating application equipment and specialty coating products through its two subsidiaries: Glas-Craft, Inc., and Raven Lining Systems, Inc. Glas-Craft and, to a limited extent, Raven Lining Systems manufactures spray finishing and coating equipment for applying plural component materials such as polyesters, polyurethanes, polyureas, and epoxies. Raven Lining Systems, Inc., manufactures and sells the Raven line of high-performance coating systems as well as AquataPoxy. These coatings are resistant to water and corrosive breakdown by most acids and solvents and are used in many applications, including drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. distribution and sewage collection systems Sewage collection systems Configurations of inlets, catch basins, manholes, pipes, drains, mains, holding basins, pump stations, outfalls, controls, and special devices to move wastewaters from points of collection to discharge. . Certain statements contained in this report that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statement. These risks and uncertainties include, but are not limited to, a slow-down in domestic and foreign markets for plural component dispensing systems and a reduction in growth of markets for the Company's epoxy coating systems. |
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