Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStrix Regulatory News (KETL)

Share Price Information for Strix (KETL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 76.50
Bid: 75.80
Ask: 76.50
Change: -0.80 (-1.03%)
Spread: 0.70 (0.923%)
Open: 76.50
High: 76.50
Low: 75.10
Prev. Close: 77.30
KETL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Further Successful Patent and IP Protection

12 Dec 2018 07:00

RNS Number : 1662K
Strix Group PLC
12 December 2018

12聽December 2018

Strix Group Plc

("Strix" or the "Group")

Further Successful Patent and IP Protection

Strix Group Plc (AIM: KETL), the AIM listed global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to provide an update on its intellectual property protection initiatives.

Building on successes announced earlier in the year whereby Strix was able to both enforce its patent rights and, where they have expired, utilise other legal redress such as copyright to take legal action against those that seek to copy its products, Strix is pleased to report the following recent developments:

Although all manufacturers that currently seek to copy Strix's controls and connectors are based in China, not all these manufacturers sell their products on the China domestic market where Strix has much of its IP registered. In an effort to try and avoid patent infringement proceedings some of these manufacturers only export their products, often to countries where Strix does not have its IP registered. However, under China patent law it is still an offence to manufacture infringing product in China regardless of its ultimate destination. Acting on information provided by Strix, local IP enforcement authorities were able to raid a factory in Guangdong province belonging to Foshan Shunde Xiaolong Electrical Appliance Co. and seize electronic kettles that infringed Strix's IP and which were to be exported to South Korea. The parties subsequently settled matters as set out below.

In an example highlighting the different ways the Company can protect its position concerning its older products, Strix brought a claim based on unfair competition against Expo B枚rse GmbH and Schou Germany GmbH who had imported kettles into Germany which, according to Strix, incorporated copies of its controls and connectors. The parties subsequently settled matters as set out below.

Strix continues to monitor internet product sales and takes action where appropriate. The Company recently brought a complaint of electronic kettle patent infringement to the attention of Amazon who swiftly removed the webpage from their platforms of one vendor, DEUBA, who settled with Strix as set out below.聽

Mark Bartlett, Chief Executive Officer, commented: "Protection of our technology and products remains a key focus of the Company. The maintenance of our brand value supports us in retaining our market share and strong relationships with our customers.

"We continue to monitor the market for copyists and take actions to disrupt those that infringe on our IP. As illustrated, we are able to defend our technology in a number of different ways and ensure that consumers, our customers and our brand are protected."

For further enquiries, please contact:

Strix Group Plc

Mark Bartlett (CEO)

Raudres Wong (CFO)

01624 829 829

Zeus Capital Limited (Nominated Adviser)

Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)

Dominic King (Corporate Broking)

020 3829 5000

IFC Advisory Limited (Financial PR & IR)

Graham Herring / Tim Metcalfe / Heather Armstrong

020 3934 6630

Notes to Editors:

Foshan Shunde Xiaolong Electric Appliances Company settlement text:

Strix Ltd. (hereinafter referred to as Strix) brought a patent infringement claim against Foshan Shunde Xiaolong Electric Appliances Company Ltd. (hereinafter referred to as Litlon) who had been manufacturing electronic (healthy eating) appliances in the People's Republic of China and exporting them to the Republic of Korea. These electronic appliances incorporated controls and connectors that Strix believed infringed its China patent no. 00802943.1. The two parties reached a settlement through friendly consultations and Strix and Litlon signed an agreement whereby Litlon agreed to cease trading such appliances and undertook to fit Strix controls and connectors into its range of electronic (healthy eating) appliances and to no longer purchase controls and connectors from other suppliers that infringed Strix's patent. Furthermore, Litlon undertook to pay undisclosed compensation to Strix.

Expo B枚rse and Schou Germany settlement text:

The water kettle type "Kitchen Power WK-2200.20" has been imported into Germany by Schou Germany GmbH and has been distributed in Germany by Expo B枚rse GmbH via several channels since 2015. These water kettles were fitted with control units labelled "Fada SDK-10A". Such control units are a slavish copy of Strix Limited's renowned and widespread control and connector units "R7" and "P69" respectively. This means the copied control and connector units are identical to the original down to the minutest details. Fitting water kettles distributed/imported by Expo B枚rse GmbH and Schou Germany GmbH with such identically and illegally copied control and connector units infringed Strix Limited's right to competitive product protection for their products "R7" and "P69" under German law. Expo B枚rse GmbH acknowledged the claims brought by Strix Limited to the D眉sseldorf Regional Court (file number 14c O 239/17) and agreed to cease and desist from advertising and/or offering and/or placing on the market water kettles fitted with slavish copies of Strix's R7 control unit and P69 connector unit and also agreed to pay Strix an undisclosed sum in damages.

DEUBA agreed settlement text:

Strix brought a patent infringement claim against DEUBA GmbH & Co. KG who imported kettles into Germany and sold them via Amazon that incorporated controls and connectors that infringed Strix's European patent EP聽1聽858聽297聽B1 and also its Chinese patent ZL00802943.1 where the kettles were made and exported. The parties settled matters and DEUBA GmbH & Co. KG agreed to pay an undisclosed sum to Strix and undertook to cease and desist from infringing Strix IP in the future.

About Strix Group plc

Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix's core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly. Strix has built up market leading capability and know-how in this field since being founded in 1982.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCEAKAFFLNPFFF
Date   Source Headline
26th Oct 202010:58 amRNSCompletion of acquisition of LAICA S.p.A
23rd Oct 20205:55 pmRNSHolding(s) in Company
14th Oct 20207:00 amRNSUpdate on conditional acquisition of LAICA S.p.A
23rd Sep 20207:01 amRNSConditional acquisition of LAICA S.p.A
23rd Sep 20207:00 amRNSInterim Results
7th Sep 20207:00 amRNSEquity Development Investor Webinar
2nd Sep 20207:00 amRNSUpdate on the HaloPure Technology
18th Aug 20208:32 amRNSHolding(s) in Company
17th Aug 202011:05 amRNSHolding(s) in Company
13th Aug 20204:56 pmRNSHolding(s) in Company
23rd Jul 20207:00 amRNSPre-Close Trading Update and Notice of Results
10th Jun 20207:00 amRNSPDMR Dealings
28th May 202011:51 amRNSResult of AGM
28th May 20207:00 amRNSAGM Statement and New Banking Facilities
4th May 20207:00 amRNSDividend Confirmation, Annual Report & AGM Notice
1st May 202012:45 pmRNSHolding(s) in Company
15th Apr 202012:41 pmRNSHolding(s) in Company
14th Apr 20205:26 pmRNSHolding(s) in Company
9th Apr 20204:52 pmRNSHolding(s) in Company
6th Apr 20207:00 amRNSExercise and Grant of Options
31st Mar 202012:58 pmRNSHolding(s) in Company
23rd Mar 20209:49 amRNSHolding(s) in Company
18th Mar 20207:00 amRNSAppointment of Non-executive Director
18th Mar 20207:00 amRNSFinal Results
19th Feb 20207:00 amRNSStatement Regarding Current Situation in China
6th Feb 20207:00 amRNSAppointment of Joint Corporate Broker
27th Jan 20207:00 amRNSHolding(s) in Company
23rd Jan 20207:00 amRNSPre-Close Trading Update
31st Dec 20197:00 amRNSBlock Listing Application
22nd Nov 201910:36 amRNSHolding(s) in Company
11th Nov 20193:05 pmRNSHolding(s) in Company
11th Oct 20199:43 amRNSHolding(s) in Company
18th Sep 20197:00 amRNSInterim Results
6th Sep 201912:20 pmRNSHolding(s) in Company
6th Sep 20197:00 amRNSStrix technology in new Philips branded product
27th Aug 201912:45 pmRNSHolding(s) in Company
20th Aug 201912:10 pmRNSHolding(s) in Company
2nd Aug 20199:33 amRNSHolding(s) in Company
31st Jul 20193:07 pmRNSHolding(s) in Company
18th Jul 20197:00 amRNSTrading Update and Notice of Results
23rd May 20194:45 pmRNSResult of AGM
23rd May 20197:00 amRNSAGM Statement
22nd May 201912:00 pmRNSHolding(s) in Company
20th May 20197:00 amRNSGrant of Options
15th May 20197:00 amRNSAppointment of Chief Commercial Officer
9th May 20191:08 pmRNSHolding(s) in Company
30th Apr 20197:00 amRNSAnnual report and Notice of AGM
8th Apr 20191:28 pmRNSHolding(s) in Company
29th Mar 20194:35 pmRNSHolding(s) in Company
28th Mar 20194:18 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.