KATY,
Texas, April 19, 2023 /PRNewswire/ -- U.S. Silica
Holdings, Inc. (NYSE: SLCA) announced today that it received the
Final Judgement in its lawsuit against Amberger Kaolinwerke
("AKW") in the federal court of the Eastern District of
Texas. U.S. Silica filed its
lawsuit against AKW in September
2020, alleging that AKW was infringing multiple patents
related to the White Armor® cool roof granules product line. In
March 2022, the jury returned a
unanimous verdict for U.S. Silica on all counts, including willful
infringement, and denied all of AKW's counterclaims. On
March 29, 2023, the Court entered its
Final Judgment. In addition to affirming the findings of the jury,
the Court determined that both treble damages and a permanent
injunction were appropriate, after observing that such remedies are
generally available only for "egregious cases of culpable
behavior."
Bryan Shinn, U.S. Silica's Chief
Executive Officer, commented, "We are extremely pleased with the
favorable Final Judgement. U.S. Silica has demonstrated its
commitment to enforcing our intellectual property rights through
this verdict and will continue to defend them in the future."
About U.S. Silica
U.S. Silica Holdings, Inc. is a global performance
materials company and is a member of the Russell 2000. The Company
is a leading producer of commercial silica used in the oil and gas
industry and in a wide range of industrial applications. Over its
123-year history, U.S. Silica has developed core
competencies in mining, processing, logistics and materials science
that enable it to produce and cost-effectively deliver over 600
diversified products to customers across our end markets. U.S.
Silica's wholly-owned subsidiaries include EP
Minerals and SandBox Logistics™. EP Minerals is an
industry leader in the production of products derived from
diatomaceous earth, perlite, engineered clays, and non-activated
clays. SandBox Logistics™ is a state-of-the-art leader in proppant
storage, handling and well-site delivery, dedicated to making
proppant logistics cleaner, safer and more efficient. The Company
has 27 operating mines and processing facilities and two additional
exploration stage properties across the United States and
is headquartered in Katy, Texas.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended (the "Exchange Act") and Section 27A of the Securities
Act of 1933, as amended. All statements other than statements of
historical fact are forward-looking statements, including
information related to sustainability goals and commitments,
targets and timelines for achievement and environmental impact
reduction goals. Forward-looking statements give our current
expectations and projections relating to our financial condition,
results of operations, plans, objectives, future performance and
business. These statements may include words such as "anticipate,"
"estimate," "expect," "project," "plan," "intend," "believe,"
"may," "will," "should," "could," "can have," "likely" and other
words and terms of similar meaning. All forward-looking statements
are subject to risks and uncertainties that may cause actual
results to differ materially from those that we expect. These risks
and uncertainties include, but are not limited to, those described
in Part I, "Item 1A. Risk Factors" and elsewhere in our latest
Annual Report on Form 10-K and those described from time to time in
our future reports filed with the Securities and Exchange
Commission (the "SEC"). The forward-looking statements included
herein are made only as of the date hereof. We disclaim any
intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events
or otherwise. All written and oral forward-looking statements
attributable to us, or persons acting on our behalf, are expressly
qualified in their entirety by these cautionary statements as well
as other cautionary statements that are made from time to time in
our other filings with the SEC, and our other public
communications.
U.S. Silica Holdings, Inc.
Investor Contact
Patricia
Gil
Vice President, Investor Relations & Sustainability
281-505-6011
gil@ussilica.com
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SOURCE U.S. Silica Holdings, Inc.