litigation
confidence high
sentiment neutral
materiality 0.55
Aspen Aerogels sues Beerenberg in Korea for patent infringement on aerogel products
ASPEN AEROGELS INC
- Filed patent infringement suit in Seoul Central District Court and unfair trade practice action with Korea Trade Commission.
- Alleges Beerenberg's aerogel blanket infringes multiple Aspen patents, including Korean counterparts of patents enforced in US and Germany.
- Seeking injunctive relief and monetary damages against Beerenberg Services AS, Beerenberg Korea Ltd., and related entities.
- CEO Donald Young states company will aggressively enforce IP rights against importers and distributors of infringing aerogel products.