United Kingdom-based Tech-ni-Fold reached a settlement in its patent infringement lawsuit against Update Ltd. and D&R Bindery Solutions of Chaska, MN. Under the terms of the agreement, the two U.S. companies will cease the manufacturing and sale of the "Ultimate Score" product and its consumable components.
"We are delighted with the settlement of this suit. Customers have come to trust Tech-ni-Fold as an innovator in the field of unique creasing products, and we have invested heavily in improving these products to retain a leading position in the market," said Graham Harris, Managing Director of Tech-ni-Fold Ltd. "While no company desires to spend resources combating infringement, at times it must be done. We will act to protect our company's intellectual property and the customers who depend on the quality and innovation our intellectual property represents."
Tech-ni-Fold USA, the North American dealer, has initiated a trade-in program for companies which have purchased Update's Ultimate Score product. According to the company, customers may qualify for a credit up to the full amount they paid for their Update products when they purchase any AZ-Fit or Fast Fit Tri-Creaser from Tech-ni-Fold USA.