Summa Settles Patent Infringement Lawsuit
09 Febbraio 2004 - 1:00PM
PR Newswire (US)
Summa Settles Patent Infringement Lawsuit TORRANCE, Calif., Feb. 9
/PRNewswire-FirstCall/ -- Summa Industries announces that it has
reached a confidential agreement with Grandlite International
Corporation and its affiliates to settle the previously announced
patent infringement lawsuit. In March 2003, Summa sued Grandlite
for infringement of a patent and trade dress rights of its
subsidiary, LexaLite International Corporation. Under the terms of
the confidential settlement, Grandlite has acknowledged the
validity of certain intellectual property of LexaLite and has
agreed to purchase LexaLite Reflexors(R). The parties have also
agreed to dismiss the underlying lawsuit. Summa Industries is
pleased to have reached this agreement, and believes it will
normalize its relationship with Grandlite. The Company takes the
threat of knock-off products seriously and intends to pursue all
appropriate steps to vigorously defend its intellectual property
against any manufacturer, distributor or OEM which the Company
believes is infringing such property. Reflexor(R) is a registered
trademark of LexaLite International Corporation, a Summa company.
Summa Industries manufactures proprietary engineered plastic
products for a broad spectrum of industrial and commercial markets.
In its Optical Components segment, Summa specializes in products
for commercial lighting, point of purchase display and related
markets. Statements in this news release which relate to future
plans, financial results or projections, events or performance are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and fall under the
safe harbor. These forward-looking statements include, but are not
limited to, statements regarding the defense of intellectual
property, the effects on customer relationships of such litigation
and expectations regarding the results of litigation. Actual
results could differ materially from those anticipated in the
forward-looking statements as a result of a number of factors,
including, but not limited to lack of success and/or high costs in
defending intellectual property, and other risks and uncertainties
described in detail under "Risk Factors" in Summa's Annual Report
on Form 10-K for the fiscal year ended August 31, 2003. For further
information, contact James R. Swartwout, (310) 792-7024; fax (310)
792-7079; ; or http://www.summaindustries.com/ . DATASOURCE:
SummaIndustries CONTACT: James R. Swartwout of Summa Industries,
+1-310-792-7024, fax +1-310-792-7079, Web site:
http://www.summaindustries.com/
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