LIFETIME ENTERS INTO BENEFICIAL LICENSING AGREEMENT WITH McCOURT MANUFACTURING
May 1, 2005
CLEARFIELD, UTAH -- Lifetime Products, Inc., a worldwide leader in the manufacturing of innovative consumer products, with a strong commitment to intellectual property rights, today announced an agreement in its ongoing and parallel efforts to protect its valuable intellectual property while increasing the quality and quantity of choices available to consumers.
Lifetime and McCourt Manufacturing, Inc. of Fort Smith, Arkansas, have reached a mutually beneficial agreement settling patent infringement litigation that had been ongoing in the United States District Courts for the District of Utah and the Western District of Arkansas. According to the settlement agreement, Lifetime has granted a license to McCourt covering a wide variety of folding table patents.
Lifetime believes that consumers in all markets will benefit from receiving quality products that incorporate Lifetime’s cutting edge innovations and state of the art designs. Lifetime revolutionized the folding furniture industry by introducing its blow-molded polyethylene folding utility tables to the market, and Lifetime has continued to set new benchmarks by introducing blow-molded polyethylene folding chairs, personal tables, and other products. Blow-molded polyethylene components provide a combination of strength, lightness and durability that is superior to wood, and are stain resistant.
For more information, please contact Lifetime Public Relations at pr@Lifetime.com.
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About Lifetime Products: Established in 1986, Lifetime Products, Inc. is a privately held company headquartered in Clearfield, Utah. Lifetime Products is the world's largest manufacturer of blow-molded polyethylene folding tables and chairs, and residential basketball hoops. With products sold in 58 countries, Lifetime has been manufacturing in Utah for more than 25 years and employs 1,250 people in its Clearfield facility, and more than 2,075 people worldwide. For more information about Lifetime Products, Inc. and its products, visit www.Lifetime.com.
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