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Article

LIFETIME AND THE HON COMPANY ENTER INTO LICENSING AGREEMENT

April 14, 2003

CLEARFIELD, UTAH – Lifetime Products Inc., a worldwide leader in the folding table market, announced today that it entered into a licensing agreement with The HON Company, a major domestic manufacturer and distributor of office furniture.  

Through this licensing agreement, Lifetime and The HON Company have reached a resolution that stipulates to a dismissal of Lifetime’s Complaint and The HON Company’s Counterclaims in the United States District Court for the District of Utah and the United States District Court for the Central District of California.  Both Lifetime Products and The HON Company agree that through the license granted by Lifetime to The HON Company, the consumers in all markets will benefit from receiving quality products that incorporate state of the art design and features.

In 1998, Lifetime introduced the first blow-molded polyethylene folding utility table to the market.  Blow-molded polyethylene tabletops are stronger, lighter, and more durable than wood, and are stain resistant.  Today, Lifetime is the world’s largest manufacturer of these blow-molded, polyethylene folding tables and holds a portfolio of patents protecting these products.

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.