Printer Friendly

G.A.C. REACHES SETTLEMENT WITH 3M REGARDING PATENT INFRINGEMENT

 G.A.C. REACHES SETTLEMENT WITH 3M REGARDING PATENT INFRINGEMENT
 ST. PAUL, Minn., Feb. 10 /PRNewswire/ -- In settlement of a patent infringement lawsuit, G.A.C. (Islip, N.Y.) has agreed to pay royalties to 3M (NYSE: MMM) and Ceradyne, Inc. for future sales of its orthodontic ceramic brackets. The right to market these translucent brackets had been the focus of disagreement between G.A.C., a U.S. distributor for Tomy, Inc. of Japan, and 3M (together with its 3M Unitek subsidiary and product co-developer Ceradyne, Inc.)
 3M began selling its product, Transcend brand ceramic brackets, in early 1987, and G.A.C. followed with a similar procduct, Allure 3, later that same year. In August 1991, G.A.C. filed suit against 3M, seeking to have 3M patents declared invalid and not infringed. 3M responded by denying G.A.C.'s charges and filing a counterclaim against G.A.C. 3M then filed a complaint with the International Trade Commission (ITC) to bar import of product to G.A.C., as well as to a U.S. subsidiary of Germany-based Dentaurum Inc.
 According to Rich Iverson, general manager of the 3M Unitek subsidiary, "We are pleased that this patent infringement lawsuit has been resolved in our favor. G.A.C.'s agreement to settle the suit is a direct result of 3M's policy to rigorously protect its patents. We do so because patents represent our most valued asset -- progressive technology."
 Settlement with Dentaurum Inc., the second company named in the ITC complaint, has also br?eached. Under terms of the settlement, Dentaurum Inc. will take a license under 3M's patent and pay royalties for continued sales of its ceramic brackets.
 -0- 02/10/92
 /CONTACT: Karyn Goad of 3M, 612-733-2138/
 (MMM) CO: Minnesota Mining and Manufacturing; G.A.C. ST: Minnesota, New York IN: SU:


KH -- MN008 -- 8219 02/10/92 10:59 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 10, 1992
Words:316
Previous Article:TAX ALERT: STAYING OUT OF HOT WATER WITH THE IRS
Next Article:LASER-PACIFIC REPORTS 1991 RESULTS; NON-RECURRING COSTS REPRESENT FUTURE BENEFITS
Topics:


Related Articles
GOODHOUSE REACHES SETTLEMENT
3M TO RECEIVE PAYMENT FROM PATENT LAWSUIT
HAYES AND CARDINAL SETTLE PATENT LITIGATION
ATRIX INTERNATIONAL LITIGATES TO PROTECT PATENT RIGHTS
BIOWHITTAKER SETTLES LAWSUIT AGAINST PHARMACIA FOR $4 MILLION AND FUTURE PAYMENTS
Goodyear Announces Settlement of Aquatred Patent Infringement Suit
Mita Responds to Xerox Patent Suit.
Bionx Implants announces settlement of patent infringement lawsuit.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters