Whx Corp. (MM) (NASDAQ:WXCO)
Historical Stock Chart
From Nov 2019 to Nov 2024
Arlon, Inc. (“Arlon”), an indirect subsidiary of WHX Corporation (“WHX”,
NASDAQCM:WXCO) (collectively, the “Company”), is in receipt of the
Complaint that Rogers Corporation filed against Arlon in the United
States District Court in Hartford, CT. The Complaint alleges that Rogers
is the exclusive licensee under U.S. Patent No. 5,552,210 and that
Arlon’s TC600 circuit board material infringes that patent.
Arlon believes that the lawsuit is without merit, and intends to
vigorously defend itself against Rogers’ allegations.
“We believe that this lawsuit is unfounded,” stated Robert Carini,
President of Arlon’s Electronic Materials operations. “It is regrettable
that Rogers chose to file the lawsuit before contacting us. At this
point, we are in the process of retaining outside counsel and evaluating
all of our legal options.”
About the Company
WHX is a diversified industrial products manufacturing company focused
on niche industrial products with strong regional and global customer
demand. WHX delivers value to its customers and stakeholders through the
WHX Business System. WHX's companies manufacture and sell precious metal
brazing products; engineered materials for the roofing, construction,
natural gas, electric, and water industries; specialty tubing products
and precision electroplated materials and stamped parts. WHX also
manufactures and distributes high performance materials for the printed
circuit board industry and silicone rubber-based insulation materials
for industrial, military/aerospace and commercial markets; adhesive
coated vinyl films and custom-engineered laminates, foils, foams and
papers for industrial, consumer and commercial markets; and meat room
cutting products and services to retail food stores and meat, poultry
and fish processing plants.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, which
are intended to be covered by the safe harbors created thereby.
Investors are cautioned that all forward-looking statements involve
risks and uncertainty, including without limitation, general economic
conditions, the ability of the Company to market and sell its products,
and the effects of competition and pricing. Although the Company
believes that the assumptions underlying the forward-looking statements
are reasonable, any of the assumptions could be inaccurate, and
therefore, there cannot be assurance that any forward-looking statements
included in this press release will prove to be accurate. In light of
the significant uncertainties inherent in any forward-looking statements
included herein, the inclusion of such information should not be
regarded as a representation by the Company or any other person that the
objectives and plans of the Company will be achieved.