FALL RIVER, Mass., Feb. 12 /PRNewswire-FirstCall/ -- The Genlyte Group Incorporated (NASDAQ:GLYT) announced that on February 5, 2007 the United States District Court of Massachusetts entered a judgment in favor of Genlyte Thomas Group LLC, a wholly-owned subsidiary, against Arch Lighting Group, Inc. ("ALG") and its Arch Lighting Systems ("ALS") Division of Taunton, MA, based on a jury verdict that the ALS MulTmed line of hospital room products infringed Genlyte's "Integrated Medical Lighting System" patent. The Court awarded damages and interest to Genlyte for past sales by ALS of infringing MulTmed products in the amount of $238 thousand, and also required ALS to pay Genlyte a per fixture royalty of $67 per product sold since September 30, 2006. In addition, the Court enjoined ALS from making, using, selling offering for sale or importing any further MulTmed products. "We are pleased by the jury's decision and the court's enforcement of our patent," said Zia Eftekhar, a Genlyte Board member and President of Genlyte's Lightolier Division, which pioneered the integrated hospital room lighting product line. "Product innovation is vital to Genlyte's continued growth, and Lightolier, now in its 102nd year, has always been at the forefront of lighting development technology. This particular patent provided a new way to illuminate the hospital patient room, and is a very strong and well-respected patent. Genlyte annually invests heavily in research and development of new technologies and product applications advancing the art and the science of lighting. Genlyte is equally committed to defending its intellectual properties to the fullest extent." The Genlyte Group Incorporated (NASDAQ:GLYT) is a leading manufacturer of lighting fixtures, controls, and related products for the commercial, industrial and residential markets. Genlyte sells lighting and lighting accessory products under the major brand names of Alkco, Allscape, Ardee, Canlyte, Capri/Omega, Carsonite, Chloride Systems, Crescent, D'ac, Day-Brite, Gardco, Guth, Hadco, Hanover Lantern, High-Lites, Hoffmeister, Lam, Ledalite, Lightolier, Lightolier Controls, Lumec, Morlite, Nessen, Quality, Shakespeare Composite Structures, Specialty, Stonco, Strand, Thomas, Vari-Lite, Vista, and Wide-Lite. For additional information about Genlyte please refer to the Company's web site at: http://www.genlyte.com/. DATASOURCE: The Genlyte Group Incorporated CONTACT: William G. Ferko, CFO of The Genlyte Group Incorporated, +1-502-420-9502 Web site: http://www.genlyte.com/

Copyright

Grafico Azioni Genlyte (NASDAQ:GLYT)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Genlyte
Grafico Azioni Genlyte (NASDAQ:GLYT)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Genlyte