LIFETIME ENTERS INTO LICENSING AGREEMENT WITH FDL - GRANTED NEW FOLDING TABLE PATENT
January 5, 2005
CLEARFIELD, UTAH -- Lifetime Products, Inc., a worldwide leader in the folding table market and an award-winning innovator with a strong commitment to intellectual property rights, today announced two further achievements in its ongoing and parallel efforts to protect its valuable intellectual property while increasing the quality and quantity of choices available to consumers.
First, United States Patent No. 6,832,563 issued to Lifetime on December 21, 2004. This patent is the latest in the family of patents protecting Lifetime’s intellectual property in its innovative light-weight folding utility table products.
Second, FDL, Inc., an international manufacturer of furniture and seating products, has become the latest to recognize the value and importance of Lifetime’s intellectual property by obtaining a license to utilize patented Lifetime technology in its products. Lifetime and FDL have entered into agreements cross-licensing certain patent rights relating to both tables and chairs. Lifetime believes that consumers will benefit from the agreements through an even broader range of quality products incorporating state-of-the-art features and design.
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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