RE:RE:RE:RE:Trading IdeaAlwaysLong683 wrote: jboom70 wrote: If the lawsuit had any merrit they would have petitioned the courts to have them stop manufacturing the coils by now.
Conversely, if the lawsuit has no merit whatsoever, I suspect EXRO would've filed a motion by now to have the case thrown out....?
Also, correct me if I'm wrong, but EXRO is currently not selling any products containing the disputed technology, so there's no sales or profits to "stop" as the products are still in development and/or being tested.
The sooner the suit is resolved the better, provided EXRO isn't stripped of any patents it relies on for its technology and how such technology differentiates its offerings from those of competitors in the space.
Another possible outcome other than an outright EXRO win is EXRO may agree to license from the plaintiff any tech in which EXRO is deemed as not holding the patents on.
- In response to claims made by ePropelled, Exro has filed a petition with the U.S. Patent and Trademark Office for review of ePropelled's patent.
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- Exro asserts that the patent which ePropelled claims it has infringed is invalid.
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- Exro also submitted an in-depth independent analysis of the patent by award-winning MIT Professor.
CALGARY, AB, June 15, 2022 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro"), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, is issuing this statement in response to the lawsuit filed by ePropelled against the Company on January 21, 2022.