February 13, 2013 -- Isola USA Corp. (Isola USA) and Taiwan Union Technology Corp. (TUC) jointly announced today that the parties have settled the patent infringement dispute pending in the United States International Trade Commission (USITC). This agreement will result in the dismissal of the consent order enforcement complaint that Isola USA filed against TUC with the USITC on August 17, 2012 and dissolution of the underlying consent order that was entered against TUC by the USITC on April 10, 2009.
The financial terms of the settlement are confidential but under the terms of the agreement, Isola agreed to provide a license to TUC to use Isola USA’s patents related to the use of talc fillers for the life of those patents in consideration for royalty payments. TUC also agreed to refrain from challenging the validity or enforceability of any of Isola’s talc filler patents for the life of those patents, but TUC does not admit any infringement nor liability with respect to Isola’s talc filler patents.
Raymond P. Sharpe, President and CEO of Isola Group stated, “We are very pleased to have achieved a successful conclusion to this patent infringement dispute. Isola continues to be firmly committed to protecting and enforcing its intellectual property rights. Licensing these patents to TUC demonstrates the strength of Isola’s patents and technology leadership in the industry and our commitment to protect our intellectual property.”
C.N. Chen, President of TUC Group stated, “We are very pleased that the parties’ patent infringement dispute has successfully settled for the benefit of our customers.”