ASB alleged that R&D’s mold of the ASB-150DPW, ASB’s one-step injection stretch blow molding machine, infringed upon ASB's US Patent Nos. 8,608,466, 8,998,602, and 8,613,614.
Under this settlement, ASB will receive an undisclosed amount from R&D for the past sales of R&D's mold of the 150 DPW.
ASB will grant R&D a limited, non-exclusive, royalty-bearing license to sell its molds for the 150DPW.
The patents-in-suit remain fully valid and enforceable.
The details of the settlement terms are subject to confidentiality.
ASB will continue to take appropriate measures against any entities anywhere in the world to provide suitable protection of ASB’s patents and other intellectual property rights.