Classen and Välinge settle disputes and signs cross license agreement on fold down technology
Classen and Välinge have executed an agreement which puts an end to their legal disputes related to fold down patent rights and creates a framework that allows easier access to the respective Megaloc® and 5G technologies for future licenses.
Present licensees will be offered an indemnification on the other party's patents.
New licensees will be able to receive a license based on both party's patents. The parties have agree that Välinge will act
as sole licensor for the combined Välinge and Classen patents and will offer licenses on all fold down systems as patented and
developed by the parties.
Fold down installation technology for laminate and wood floorings, based on the Välinge 5G systems and the Classen Megaloc® system offers considerable advantages over other installation methods.
Commercial products have been on the market since 2005 and this year about 270 Mm2 of laminate and wood floors are expected to be installed with the fold down technology. The parties anticipate that this installation technology will continue to capture an even larger market share now when the legal uncertainties have been eliminated.
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