CHANDLER, Ariz., Feb. 13, 2013 (GLOBE NEWSWIRE) -- Isola USA Corp. (Isola USA) and Taiwan Union Technology Corp. (TUC) jointly announced today that the parties have settled the patent infringement dispute pending in the United States International Trade Commission (USITC). This agreement will result in the dismissal of the consent order enforcement complaint that Isola USA filed against TUC with the USITC on August 17, 2012 and dissolution of the underlying consent order that was entered against TUC by the USITC on April 10, 2009.
The financial terms of the settlement are confidential but under the terms of the agreement, Isola agreed to provide a license to TUC to use Isola USA's patents related to the use of talc fillers for the life of those patents in consideration for royalty payments. TUC also agreed to refrain from challenging the validity or enforceability of any of Isola's talc filler patents for the life of those patents, but TUC does not admit any infringement nor liability with respect to Isola's talc filler patents.
Raymond P. Sharpe, President and CEO of Isola Group stated, "We are very pleased to have achieved a successful conclusion to this patent infringement dispute. Isola continues to be firmly committed to protecting and enforcing its intellectual property rights. Licensing these patents to TUC demonstrates the strength of Isola's patents and technology leadership in the industry and our commitment to protect our intellectual property."
C.N. Chen, President of TUC Group stated, "We are very pleased that the parties' patent infringement dispute has successfully settled for the benefit of our customers."
About Isola USA Corp.
Isola USA Corp. is a wholly-owned subsidiary of Isola Group S.à.r.l., which is headquartered in Chandler, Arizona, and is a global material sciences company focused on designing, developing, manufacturing, and marketing copper-clad laminates and dielectric prepregs used to fabricate advanced multilayer printed circuit boards. The company's high-performance materials are used in sophisticated electronic applications in the communications infrastructure, computing/networking, military, medical, aerospace and automotive industries. For more information, visit http://www.isola-group.com/.
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Taiwan Union Technology Corporation (hereinafter referred to as "TUC") was established in 1974 and became a publicly traded company in 2003. TUC is a leader in its field and supplies to esteemed PCB manufacturers worldwide. To serve its customers, TUC invests heavily in R&D to ensure that TUC products deliver unparalleled value.
CONTACT: Editorial Contact: Tiffany C. Zinn Global Marketing Communications Manager Isola Group 480-282-6368 Editorial Contact: J.P Chen Vice President / Spokesman Finance Division Taiwan Union Technology Corp. +886-3-555 1103