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Judgement Forces Salomon to Cease All Sales of Alleged Patent-Infringing Skates; Preliminary Injunction Protects K2 Corp.'s SoftBoot Skate Patent.

VASHON, Wash.--(BUSINESS WIRE)--March 31, 1999--K-2 Corporation on March 23 won a preliminary injunction against French sporting goods giant Salomon, S.A. and its American operations Salomon/North America, Inc., forcing Salomon to cease all sales of its alleged patent-infringing inline skates.

Further, the court yesterday denied Salomon's motion to reconsider and delay the injunction. United States District Court Judge William L. Dwyer in Seattle signed the injunction that will protect K2's SoftBoot inline skate designs covered by Patent No. 5,848,796 during the pendency of the lawsuit between K2 and Salomon. Judge Dwyer further indicated that K2 is likely to succeed at showing that Salomon has infringed K2's patent.

K2, a Vashon, Wash.-based sporting goods manufacturer founded in 1963, invented SoftBoot inline skates in 1993 as a comfortable, high performance alternative to hard plastic skates that previously had dominated the market. As a result, K2 quickly became a leader in the high-end skate market. Within the past year, Salomon -- a subsidiary of Adidas -- introduced similar soft-style skates.

As a result of the preliminary injunction, Salomon has been ordered to cease selling or importing any inline skates that infringe the patent, including skates sold under the Salomon "TR" series and other infringing soft-style skates.

"Innovation is at the heart of K2's sporting goods products," said Richard Rodstein, president and chief executive officer of K2, Inc. "We're pleased the Court has issued an injunction that will protect K2's technology."

K-2 Corporation, a subsidiary of K2, Inc. (NYSE:KTO), is a leading designer, manufacturer and marketer of innovation- and performance-driven recreational products, including snowboards, snowboard boots and step-in bindings, skis, inline skates, mountain bikes, BMX/freestyle bikes, apparel and footwear. K2 distributes its products in nearly 30 countries.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 1, 1999
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