Markforged Announces Positive Ruling in Patent Infringement Lawsuit
04 Aprile 2023 - 2:30PM
Business Wire
Ruling eliminates all patent infringement
claims made by Continuous Composites in its original July 2021
complaint
Markforged (NYSE: MKFG) the company strengthening manufacturing
resiliency by enabling industrial production at the point of need,
announced that the United States District Court for the District of
Delaware issued a ruling eliminating all four patents originally
asserted by Continuous Composites against Markforged in July 2021.
The court ruling confirms that Markforged does not infringe these
patents and supports Markforged's position that these claims were
meritless.
This outcome stems from a recent “Claim Construction” proceeding
where both parties presented arguments for how the key concepts of
each patent should be interpreted. Based on the arguments
presented, the court sided with Markforged’s interpretation of a
phrase in the patents. Following this ruling, Continuous Composites
conceded that the four patents comprising a total of twenty patent
claims should be removed from the case. Currently, only a single,
recently-issued patent that was added to the case in February 2022,
comprising two patent claims asserted by Continuous Composites,
remains.
Markforged maintains its position that it does not infringe this
last patent, and will continue to defend against the remaining
claims. The company is focused on serving the more than 10,000
global manufacturers who rely on Markforged technology every day to
produce mission critical parts directly at the point of need.
“We are very pleased with this ruling, which largely validates
Markforged’s position that we do not infringe any of Continuous
Composites’ patents,” said Shai Terem, President and CEO of
Markforged. “From the start, we believed the Continuous Composite
lawsuit to be meritless, and it is gratifying to see this bear out
as the case progresses. After this ruling any potential exposure
related to the matter is limited to the one remaining patent. We
plan to continue to mount an aggressive defense of the couple
remaining claims against us in this final patent.”
About Markforged
Markforged (NYSE:MKFG) is making manufacturing more resilient
and flexible by bringing on-demand industrial production to the
point of need. The Markforged Digital Forge – the reliable,
intelligent and easy-to-use additive manufacturing platform –
empowers any manufacturer to create strong and accurate end-use
parts repeatably in both metal and composites anywhere and anytime.
Over 10,000 customers across 70+ countries use The Digital Forge to
overcome limitations of traditional manufacturing while
strengthening their supply chains. Markforged is headquartered in
Watertown, Mass., where it designs the hardware, software and
materials that powers its platform. To learn more, visit
www.markforged.com.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “strategy,” “anticipate,”
“believe,” “estimate,” “predict,” “project,” “potential,”
“continue,” “ongoing,” “opportunity” or the negative of these terms
or other comparable terminology, although not all forward-looking
statements contain these words. These statements involve risks,
uncertainties and other factors that may cause actual results,
levels of activity, performance or achievements to be materially
different from the information expressed or implied by these
forward-looking statements. Although Markforged believes that it
has a reasonable basis for each forward-looking statement contained
in this press release, Markforged cautions you that these
statements are based on a combination of facts and factors
currently known by it and its projections of the future, about
which it cannot be certain. Forward-looking statements in this
press release include, but are not limited to, the outcome of any
legal proceedings against Markforged. Markforged cannot assure you
that the forward-looking statements in this press release will
prove to be accurate. These forward looking statements are subject
to a number of risks and uncertainties, including, among others,
general economic, political and business conditions; the ability of
Markforged to maintain its listing on the New York Stock Exchange;
the effect of COVID-19 on Markforged’s business and financial
results; the outcome of any legal proceedings against Markforged;
and those factors discussed under the header “Risk Factors” in
Markforged’s most recent periodic and other filings with the SEC.
Furthermore, if the forward-looking statements prove to be
inaccurate, the inaccuracy may be material. In light of the
significant uncertainties in these forward-looking statements, you
should not regard these statements as a representation or warranty
by us or any other person that Markforged will achieve its
objectives and plans in any specified time frame, or at all. The
forward-looking statements in this press release represent
Markforged’s views as of the date of this press release. Markforged
anticipates that subsequent events and developments will cause its
views to change. However, while Markforged may elect to update
these forward-looking statements at some point in the future,
Markforged has no current intention of doing so except to the
extent required by applicable law. You should, therefore, not rely
on these forward-looking statements as representing Markforged’s
views as of any date subsequent to the date of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230404005461/en/
Investors Austin Bohlig, Director of Investor Relations
investors@markforged.com Media Sam Manning, Principal Public
Relations Manager press@markforged.com
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