Updated-ITEQ and Isola Joint Announcement
Date Published: Apr 14, 2010
CHANDLER, ARIZONA, April 14, 2010 - On February 5, 2010, Isola USA Corp. and ITEQ Corp. signed a settlement agreement to end all litigation between the two companies. In the settlement agreement that has been designated highly confidential, ITEQ agreed to pay a royalty to Isola on the global sales of ITEQ's Halogen - containing low loss products through the life of the '414 Patent and corresponding global patents. In consideration for the royalty, Isola grants ITEQ the right to manufacture, sell, use, and otherwise dispose of Halogen containing low loss products, such as IT-200LK or similar products worldwide. The settlement agreement specifically allows ITEQ to market and sell its Halogen -containing low loss products freely, so long as the chemical formulation of the products conforms to one specific confidential restriction, with no other chemical limitation. ITEQ and Isola had agreed to work with each other closely to ensure the terms in the settlement agreement are followed properly. And as long as the terms in the settlement agreement are properly followed, neither side has the right to terminate the settlement agreement. And as stated previously, both ITEQ and Isola are pleased that a settlement can be reached and that the outcome is not only beneficial for both companies, but also the industry. About Isola Isola Group, SARL, with headquarters in Chandler, Arizona, is a worldwide technology-driven, global designer, developer and manufacturer of high-performance base materials used in the manufacture of advanced multilayer printed circuit boards. Isola's investment in research and development, technology and state-of-the-art manufacturing facilities and practices provides superior value to our customers through innovative solutions that minimize costs and reduce manufacturing time. Our commitment is reflected in our global network of sales and distribution offices, which allow us to meet evolving customer needs and provide a full spectrum of products and services. Isola's broad range of products are used in multiple applications including aerospace, automotive, broadband telecommunications, military, chip packaging and testing, high-end computing, high-speed digital designs and other specialty markets. Isola operates multiple manufacturing, R&D and sales offices throughout Europe, Asia and the United States. For a complete listing of product offerings and facilities visit our website at www.isola-group.com.
