Schopfloch/Tauberbischofsheim - MICHAEL WEINIG AG, Tauberbischofsheim, and HOMAG Holzbearbeitungssysteme GmbH, Schopfloch, hereby announce that they have resolved their legal patent disputes with regard to the HOMAG BMB 900 powerProfiler processing centers amicably and by mutual agreement. In addition, the two companies have today signed a settlement agreement.

HOMAG recognizes the rulings of the regional court of Mannheim and the Federal Patent Court and will not be lodging an appeal. The WEINIG patent (DE 101 37 839) continues to stand in Germany and is recognized in its entirety by HOMAG. The damages incurred by WEINIG shall be settled by HOMAG via a compensation payment.

As a result of the settlement agreement, all BMB 900 powerProfiler processing centers already delivered to customers are released from any claims and can continue to be used without restriction. In addition, HOMAG is entitled to supply an agreed number of processing centers with the WEINIG patent until the end of 2014 and to manufacture these until 2015 using the WEINIG patent.

Both companies have agreed to keep the content of the settlement agreement confidential.

Source: Homag