TEL AVIV, Israel, June 4, 2012 /PRNewswire/ --
With key patent secured, Krausz poised to increase U.S. market share for HyMax®
KRAUSZ® Industries, Ltd., a leading manufacturer of innovative water pipe joining and repair devices, announced today it has successfully defended the validity of a key product patent, clearing the way for the company to gain significant market share in the United States in the next 12 months.
"The U.S. Patent and Trademark Office (PTO) confirmed, for the second time, the validity of our patent, and it rejected the arguments raised by Romac Industries," said Danny Krausz, president of Krausz, which partners in the U.S. with Total Piping Solutions (TPS) for the distribution of its HyMax® product. "Given all the time and energy our team has spent creating innovative, easy-to-install water pipe joining and repair devices that are so valuable to our U.S. customers, this reaffirmation of our intellectual property is an important milestone for us. We look forward to continuing to build our business in the U.S."
This past spring, the PTO conducted a thorough reexamination of U.S. Patent No. 6,293,556 (the "'556 patent") at the request of Romac Industries. On May 22, the PTO issued the Notice of Intent to Issue Ex Parte Reexamination Certificate, which "confirmed" the validity of the claims of the '556 patent.
In reaching its decision, the PTO reconsidered all of the "prior art" cited during the original prosecution, and it also considered the substantial amounts of additional prior art Romac Industries and Krausz submitted. The '556 patent will remain in force until 2018. The patent covers the novel two-piece hydraulic gasket portion of the HyMax®, Krausz's flagship product, as well as Krausz's gasket/end ring combination. HyMax® is a high quality, advanced technology repair device used for joining pipes of various diameters, materials, and tolerances.
In 2009, Krausz took legal action against Romac Industries, Inc., upon discovering that Romac was selling a system Krausz alleged infringed its patents. In that case, Krausz Industries, Ltd. v. Romac Industries, Inc., No. C10-1204 RSL (Western District of Washington), the Court entered an order on May 9, 2012-at Krausz's request-enforcing the settlement agreement between Krausz and Romac.
About Krausz Industries
Krausz Industries, founded in 1941, is a leading provider of pipe joining and repair devices built to the highest of standards. Through a combination of practical expertise and state of the art engineering, Krausz has been at the forefront of advancing the technology of pipe joining and repair, while providing a special focus on products for use in water and sewerage market sectors. For more information please visit http://www.krausz.com.
Finn Partners Israel for Krausz Industries, Ltd.
SOURCE KRAUSZ(R) Industries, Ltd