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3m suing Xpel

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silverbullet

silverbullet

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Cost will rise with XPEL margins taking a hit. License agreements from 3M are not free. 3M picks up a victory with licensing profits. Long history with this team!

 

XPEL and 3M Announce Settlement of Patent Infringement Lawsuit

bwlogo-106x27_044533.gifBusiness WireMarch 23, 2017

 

SAN ANTONIO--(BUSINESS WIRE)-- 

XPEL Technologies Corp. (DAP-U.V) a global supplier of automotive paint protection and window protection films, and 3M Company, today announced they have reached a settlement agreement in a patent infringement lawsuit. 

On December 30, 2015, 3M Company and 3M Innovative Properties Company filed a complaint in the United States District Court for the District of Minnesota alleging that XPEL has been and is infringing United States Patent No. 8,765,263, entitled Multilayer Polyurethane Protective Films. 

Under terms of the settlement, XPEL will acquire a license to the ‘263 patent. 3M and XPEL have agreed to dismiss the lawsuit without prejudice. 

“I am pleased we have been able to resolve this matter and look forward to continuing to deliver high-quality products and services to our customers,” Ryan Pape, XPEL’s Chief Executive Officer said.

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silverbullet

silverbullet

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There are corrections and seesawing with commodity stocks, car sales are sluggish according to Edmunds.com "Inventories have reached levels not seen in more than a decade, and incentives are rising. We’re also seeing an increase in loan terms and indications of a rise in subprime lending, which demonstrate sales aren't coming as easily as they used to". We all are rewarded in our industry by having many solid competitive films and services available to us. Wishing all well while keeping an eye on your choices.

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