Isola – ITEQ Settle Litigation

CHANDLER, ARIZONA, February 16, 2010 ISOLA USA Corp, a leading designer, developer and manufacturer of high-performance base materials for the printed circuit board industry, and ITEQ Corp. today announced settlement of all outstanding litigation between the two companies. As part of the settlement, ITEQ will pay Isola an undisclosed sum and withdraw all of its litigation against Isola in the U.S. and Taiwan. Isola will also drop its counter-claims against ITEQ in the U.S.

Although Isola Corp. will not grant a license for its U.S. patent #6,509,414 (the “414 Patent”) to ITEQ, Isola did grant ITEQ a covenant not to sue as long as ITEQ’s chemical formulations conform to specific confidential restrictions. ITEQ also agreed to pay a royalty to Isola on the global sales of ITEQ’s low-loss products through the life of the “414 Patent.”

Commenting on today’s announcement, Ray Sharpe, President and CEO of Isola Group, stated, “I am extremely pleased that ITEQ and Isola were able to reach an out-of-court settlement and avoid potentially lengthy and disruptive litigation. This is clearly the best outcome for both companies and the industry.”

CEO of ITEQ Corp., Michael Kao, stated, “I am pleased that Isola and ITEQ are able to agree to an amicable solution for mutual benefit, especially for our IT200LK product. It is in ITEQ’s interest to always uphold and protect the benefits for not only ITEQ, but also for our global customers.

16 February 2010

Related Posts

IS620 Outpacing Gigaver Sesigns
IS620 Outpacing Gigaver Sesigns
Isola Laminate Systems Corporation, the U.S. subsidiary of Isola AG, announced today that the accelerating acceptance of IS620, their low Dk, low-loss product for high-speed digital applications, would lead to discontinuation of Gigaver products by year end. “IS620 has emerged as a broad-spectrum solution for the high-speed digital space. The…
electronica 2012 – November 13-16, 2012
electronica 2012 – November 13-16, 2012
Isola co-exhibited with EIPC in booth 435 in hall C1 at electronica 2012, the world’s leading trade fair for components, systems and applications. The event took place in Munich, November 13-16, 2012. More than 72,000 visitors from 78 countries made their way to Munich to see 2,669 exhibitors from…
TUC to Cease Importation of Products Covered by Isola Patents
TUC to Cease Importation of Products Covered by Isola Patents
CHANDLER, ARIZONA, March 17, 2009 – Isola Group S.a.r.l., a leading designer, developer and manufacturer of high performance base materials for the printed circuit board industry, announced that TUC has agreed to the entry of a Consent Order by the U.S. International Trade Commission (ITC). The main points of the…