COLUMBIA, Mo., June 7, 2023
/PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global
Select: AOUT), an industry leading provider of products and
accessories for outdoor enthusiasts, on May
30, 2023, filed a complaint against Vista Outdoor Brands
("Vista") alleging that Vista is infringing American Outdoor
Brands' patent rights incorporated in the Frankford Arsenal®
Intellidropper® electronic powder measure through Vista's sale of
the RCBS ChargeMaster Supreme Electronic Powder Dispenser. The
complaint asserts infringement of five of American Outdoor Brands'
patents, was filed in Missouri federal court, and seeks
injunctive relief and monetary damages.
Brian Murphy, President and CEO
of American Outdoor Brands, said, "Over the years, we have
developed innovative, proprietary technologies that are embodied in
our Intellidropper® electronic powder measure. As a result,
the performance and features of the Intellidropper® reflect our
reputation for excellence, innovation, and safety. Protecting
these features, and all our vital intellectual property, is
imperative to our success and to ensuring our customers can be
confident that when they purchase our brands, they are buying
genuine American Outdoor Brands products. We intend to
monitor the marketplace and take rigorous steps to defend our
intellectual property where necessary."
Vista began selling its RCBS ChargeMaster Supreme Electronic
Powder Dispenser without the permission or authorization of
American Outdoor Brands. American Outdoor Brands developed
innovative technology incorporated in its Intellidropper®
electronic powder measure covered by several patents, including
U.S. Patent Nos. 11,118,884, 11,473,890, 11,486,684, 11,486,685,
and 11,506,472. American Outdoor Brands is seeking an order
that requires Vista to withdraw infringing products from the
market, compensates American Outdoor Brands, Inc. for past
infringement, finds Vista's infringement to be willful, and awards
American Outdoor Brands treble damages and its attorneys' fees from
Vista.
Statement Regarding Forward-Looking Information
The
statements contained in this release that are not historical are
forward-looking statements within the meaning of the U.S. federal
securities laws and we intend that such forward-looking statements
be subject to the safe harbor created thereby. Statements that are
not historical facts, including statements about anticipated
financial outcomes and expenditures as well as other statements
about our expectations, beliefs, intentions, or strategies
regarding the future, or other characterizations of future events
or circumstances, are forward-looking statements. These statements
relate to future events and our future results and involve a number
of risks and uncertainties. Actual results, performance or
achievement could differ materially from those contained in these
forward-looking statements. The risks and uncertainties to which
forward-looking statements are subject include, without limitation,
changes in price and volume and the volatility of our common stock,
unexpected or otherwise unplanned or alternative requirements with
respect to the capital investments of the Company, changes in
general economic, business and political conditions, and other
risks detailed in the "Statement Regarding Forward-Looking
Information," "Risk Factors" and other sections of the Company's
Annual Report on Form 10-K and other filings with the Securities
and Exchange Commission. Except as required by applicable law or
regulation, we disclaim any obligation and do not intend to
publicly update or review any of our forward-looking statements,
whether as a result of new information, future events or
otherwise.
About American Outdoor Brands, Inc.
American Outdoor
Brands, Inc. (NASDAQ Global Select: AOUT) is an industry leading
provider of outdoor products and accessories, including hunting,
fishing, camping, outdoor cooking, shooting, and personal security
and defense products, for rugged outdoor enthusiasts. The
company produces innovative, top quality products under its brands
BOG®; BUBBA®; Caldwell®; Crimson Trace®; Frankford Arsenal®; Grilla
Grills®; Hooyman®; Imperial®; LaserLyte®; Lockdown®; MEAT!; Old
Timer®; Schrade®; Tipton®; Uncle Henry®; ust®; and Wheeler®. For
more information about all the brands and products from American
Outdoor Brands, Inc., visit www.aob.com.
Contact:
Liz Sharp, VP, Investor
Relations
lsharp@aob.com
(573) 303-4620
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SOURCE American Outdoor Brands, Inc.