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AVY Avery Dennison Corp

221.55
2.04 (0.93%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Avery Dennison Corp NYSE:AVY NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.04 0.93% 221.55 222.615 220.50 220.78 319,981 21:06:27

Avery Dennison Announces Patent Infringement Suit against UPM Raflatac

09/04/2015 3:41pm

Business Wire


Avery Dennison (NYSE:AVY)
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Avery Dennison (NYSE:AVY) announced today that it has filed a lawsuit in Germany against UPM Raflatac, asserting that Raflex MDO infringes European Patent Number 2 049 333 B1, Avery Dennison’s patent on its Global MDOTM pressure-sensitive film product. In the suit, Avery Dennison asks the German court to prevent UPM Raflatac from manufacturing, marketing, or selling Raflex MDO without a license. Global MDO is protected under patents granted in both Europe and China, and has patent applications pending in the US and Brazil.

“Avery Dennison respects the intellectual property rights of other companies and individuals and expects others to do the same,” said Jeroen Diderich, vice president, global marketing, Avery Dennison Materials Group. “We attempted to negotiate a license agreement with UPM Raflatac, in the hope of avoiding litigation while allowing their continued supply of this product. Unfortunately, that effort was unsuccessful.”

Avery Dennison’s Global MDO (machine direction oriented) technology provides high conformability with a wide range of packaging shapes, while maintaining superior printing and decoration capabilities for converters and brand owners. The Company has invested many years and significant resources in the research, development, and production of its MDO (machine direction oriented) film portfolio. Global MDO film, launched in September 2011, is the latest development of the company’s highly successful MDO product family which has been marketed globally since 1995.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Glendale, California, the company reported sales of $6.3 billion in 2014. Learn more at www.averydennison.com.

For more information contact:Avery DennisonJudy Abelman, 440-534- 4943judy.abelman@averydennison.comorAbernathy MacGregorIan D. Campbell/Beth Hoang, 213-630-6550IDC@abmac.com, boh@abmac.com

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