LIFETIME AND GSC ENTER INTO LICENSING AGREEMENT
May 14, 2004
CLEARFIELD, UT -- Lifetime Products, Inc., a worldwide leader in the folding table market, and GSC Technologies Corporation, a major manufacturer of folding tables and injection molded housewares, announced today that they have agreed to enter into a cross licensing agreement.
Through the sharing of patents and technology, Lifetime and GSC believe consumers in all markets will benefit from receiving quality products that incorporate state-of-the-art design and features. Lifetime has granted a license to GSC relating to certain blow molded tables and blow molded chairs. GSC has shared technology and granted a license to Lifetime on certain product lines, intellectual property and related technology. Through this agreement, Lifetime and GSC have reached a resolution covering all matters between the parties that are before the courts in the United States, Canada and Mexico.
Under the terms of this agreement, GSC is licensed to make, have made, and sell its blow-molded folding tables and blow-molded folding chairs. In addition, all customers of GSC including retailers, wholesalers and distributors are licensed to sell the licensed products worldwide. GSC markets these products under various trade names including the ENDURO brand name.
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.
Established in 1982, GSC is a privately held company headquartered in Montreal, Canada. GSC is a leading manufacturer of a broad range of blow-molded and injection molded products.
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