FAIRPORT HARBOR, Ohio, July 31, 2014 /PRNewswire/ -- The OurPet's Company (OTC-BB:OPCO), a leading proprietary pet supply company, today announced a patent infringement settlement.
In April, 2014, The OurPet's Company filed a patent infringement lawsuit in the United States District Court for the Northern District of Ohio against Boss Pet Products Inc. and Innovative Design & Sourcing LLC (Case No. 1:14-cv-936). In the lawsuit, The OurPet's Company alleged that the Defendants engaged in conduct that infringed upon OurPet's Utility Patent 6,371,053. ('053 patent), which is for a simulated mouse toy having a prerecorded sound chip and sold by The OurPet's Company under the Play-N-Squeak® label. Defendants have not conceded these allegations, but have nevertheless resolved this matter with OurPet's. As part of that resolution, The OurPet's Company was financially compensated and the Defendants have agreed to terminate sales of its Chomper®Kylie's® mouse product.
About The OurPet's Company
The OurPet's Company designs, produces and markets a broad line of innovative, trend-setting pet products and accessories in the United States and overseas. The OurPet's Company has an extensive intellectual property portfolio with more than 225 patents in either issued or pending status. Investors and customers may visit www.ourpets.com and www.petzonebrand.com for more information about the Company, its products and brands.
Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss or significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the other risks that are described from time to time in OurPet's SEC reports.
Media Contact:
Kate Foster
440-354-6500 x103
kfoster@ourpets.com
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SOURCE The OurPet's Company
