LMK Technologies and Perma-Liner Industries Reach Settlement in Patent Litigation
CHICAGO, Dec. 31, 2012 /PRNewswire/ — It was announced today that LMK Technologies and Perma-Liner Industries have reached a settlement agreement in their outstanding patent infringement litigation, venued in the United States District Court for the Middle District of Florida, and amicably resolved all differences. Details were not disclosed and remain confidential under the terms of the agreement. However, as a result of the settlement, Perma-Liner has agreed to enter into a license agreement with LMK for future use of certain LMK patents and technology, including LMK’s patented technology for lining through a clean out.
LMK and Perma-Liner are North America’s two leading providers of trenchless lateral renewal and rehabilitation, via cured-in-place-pipe (“CIPP”) for municipalities, homeowners and contractors.
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SOURCE LMK Technologies; Perma-Liner