TriMas Subsidiary Cequent Prevails in Patent Litigation Against Willful Infringer
BLOOMFIELD HILLS, Mich., Dec. 13 /PRNewswire-FirstCall/ -- TriMas Corporation (NYSE: TRS) -- a diversified growth company of high-end, specialty niche businesses -- today announced that its Cequent group has prevailed in patent litigation against Intradin (Shanghai) Machinery Co., Ltd., in the United States District Court for the Northern District of Ohio.
In the lawsuit, the Court held that Intradin had willfully infringed several of Cequent's patents, including patents for its coupler locking device, receiver lock and ball clamp trailer coupler, and awarded Cequent treble damages based on Intradin's sales of its infringing products in the United States. The Court also enjoined Intradin from importing or selling additional infringing products and awarded pre- and post-judgment interest. Intradin has now satisfied that judgment and the case has been closed.
"We are extremely pleased to have prevailed in this matter and that Intradin has satisfied the Court's judgment," said Ed Schwartz, Group President of Cequent. "The Court's ruling, and especially its award of treble damages, demonstrates the value of our patent portfolio and our commitment to innovation and quality. TriMas will continue to vigorously defend its intellectual property rights to the benefit of the company and its shareholders."
About Cequent Performance Products
Cequent Performance Products is part of the RV & Trailer Products group of TriMas Corporation. Cequent's strength is its ability to provide engineered solutions, but it is the 80-plus year heritage of the company's brands that reflect its success. Its industry-leading brands include Fulton®, Wesbar®, BULLDOG®, Tekonsha®, and Bargman®. All represent best-in-class product performance in markets around the world.
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NYSE: TRS) is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide. TriMas Corporation is organized into five strategic business groups: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products, and Recreational Accessories. TriMas Corporation has nearly 5,000 employees at 80 different facilities in 10 countries. For additional information, please visit www.trimascorp.com.
SOURCE TriMas Corporation
CONTACT:
Sherry Lauderback
Vice President, Investor Relations & Communications
TriMas Corporation
+1-248-631-5506
sherrylauderback@trimascorp.com
