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According to the announcement, Rieter had filed a lawsuit against a competitor in China for unauthorized use of its patented routing technology. The “Shanghai Intellectual Property Court” confirmed Rieter’s patent infringement in summer 2022 and banned the defendant competitor from further use of the technology.
In addition, the person who infringed the patent had to pay compensation to Rieter. The convicted contestant later appealed the decision to China’s highest court in Beijing.
But this confirmed Shanghai’s decision: This means that Rieter’s competitor is prohibited from selling the types of machinery that infringe the patent and must pay damages determined by the court, Rieter wrote.
According to the company, the Rieter lines subject to the patent process are known for their consistent operation with high sliver quality and productivity. Very good combing precision and highest control dynamics ensure outstanding sliver uniformity and therefore high-quality yarn production, according to the description.
Rieter invests approximately 5 percent of its annual sales in research and development. The company protects its innovative products with patents and registered designs and takes consistent measures against intellectual property rights violations. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
