Rodel, Inc. announces patent litigation settlement

Date: 4 March 2002

Rodel, Inc. announced today the settlement of all pending patent infringement litigation involving Cabot Microelectronics Corporation and Cabot Corporation, Cabot Microelectronics' former parent.

The litigation involved patents for slurry technology. None of the parties involved in the litigation admits liability in the settlement. Although the terms of the settlement agreement are confidential, the parties are able to announce that Rodel will receive a $1 million payment from Cabot Microelectronics, and will grant Cabot Microelectronics a license for the specific patents that were the subject of the litigation and their foreign equivalents.

"We are pleased to have reached a settlement with Cabot Microelectronics, and are satisfied with the terms, which includes the license we've granted to Cabot Microelectronics for the technology at issue," stated Tony Corey, President and CEO of Rodel. "With these matters now resolved, Rodel can focus its full attention and resources to best meeting customers' needs and bringing the next generation of pads and slurries to those customers," Corey commented.

This release includes forward-looking statements. Actual results could vary materially, due to changes in current expectations. The forward-looking statements contained in this announcement concerning demand for products and services, sales and earnings growth, actions that may be taken to improve financial performance, involve risks and uncertainties and are subject to change based on various factors, including the impact of raw materials and natural gas, as well as other energy sources, and the ability to achieve price increases to offset such cost increases, development of operational efficiencies, changes in foreign currencies, changes in interest rates, the continued timely development and acceptance of new products and services, the impact of competitive products and pricing, and the impact of tax and other legislation and regulation in the jurisdictions in which the company operates.

600450 Rodel, Inc. announces patent litigation settlement glassonweb.com

See more news about:

Others also read

William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment