AgroFresh’s Receives Favorable Ruling in MirTech Lawsuit
July 06 2017 - 8:00AM
Business Wire
United States District Court rules that
AgroFresh is the owner of the U.S. Patent technology used in the
TruPickTM product
AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in
produce freshness solutions, received notice on June 30, 2017 from
the United States District Court in Delaware that the Court has
ruled AgroFresh to be the owner of the U.S. Patent No. 9,394,216
(the “‘216 patent”) technology, the core technology used in the
product marketed as TruPickTM. This judgment resolves a key aspect
of the litigation filed by AgroFresh against its former consultant,
MirTech, and MirTech’s principal shareholder, Nazir Mir.
In its Opinion, the Court held that the relevant sections of the
agreements between the parties were “clear and unambiguous” and
that under the terms of those agreements, MirTech automatically
assigned to AgroFresh the ‘216 patent technology.
“We are pleased that the Court validated AgroFresh’s claim of
ownership to the ‘216 patent technology. AgroFresh remains
committed to defend its intellectual property and continue
investing in proprietary innovations to offer its 3,000 global
customers unparalleled technology and service to improve fruit and
vegetable quality and to reduce food waste,” said Jordi Ferre,
AgroFresh CEO.
AgroFresh will now pursue its remaining claims in Court,
including its damages claim.
About AgroFresh
AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global
industry leader in providing innovative data-driven specialty
solutions aimed at enabling growers and packers of fresh produce to
preserve and enhance the freshness, quality and value of fresh
produce and to maximize the percentage of produce supplied to the
market relative to the amount of produce grown. Its flagship
product is the SmartFresh™ Quality System, a freshness protection
technology proven to maintain firmness, texture and appearance of
fruits during storage and transport. SmartFresh is currently
commercialized in over 40 countries worldwide. Additionally, the
company has a number of different solutions and application
technologies that have either been launched (Harvista™, RipeLock™,
LandSpring™) or will be launched in the future that will extend its
footprint to other crops and steps of the global produce supply
chain. For more information, please visit www.agrofresh.com.
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regarding anticipated future growth, adoption of the Company’s
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concerning future events. Such forward-looking statements are
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materially from the results discussed in the forward-looking
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increased competition; the ability of the business to grow and
manage growth profitably; changes in applicable laws or
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affected by other economic, business, and/or competitive factors.
Additional risks and uncertainties are identified and discussed in
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SEC’s website at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20170706005228/en/
At the
Company:AgroFresh Solutions, Inc.Katherine
Harper,
CFO267-317-9025investorrelations@AgroFresh.comorFor
AgroFresh:Gregory FCAJoe Hassett,
SVP610-228-2110joeh@gregoryfca.com
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