 HP - Resolved this matter quickly
Pradeep Jotwani, senior vice president, Imaging and Printing Supplies Business, HP continued: "HP is pleased to be able to resolve this matter quickly without extensive litigation and will constantly monitor InkCycle and others for possible patent infringement."
InkCycle - Learned of the problem
"As an ethical company, InkCycle respects all IP rights. Our experience with HP has led to a further strength-ening of our IP knowledge base, a critical factor for InkCycle's continuing aftermarket leadership," said Brad Roderick, vice president, InkCycle. "We worked quickly and in collaboration with HP to procure reformulated inks when we learned of the problem and believe that helped bring this matter to a speedy resolution."
About InkCycle
InkCycle is a leading volume producer of remanufactured inkjet cartridges in North America. Selling under private and proprietary labels, InkCycle provides cartridges to several of the most respected remanufactured inkjet brands.
About HP
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business / home computing and imaging & printing. For the four fiscal quarters ended April 2005, HP revenue totaled $83.3 billion.
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HP & InkCycle resolved patent infringement lawsuit : HP and InkCycle today announced that they have resolved their patent infringement lawsuit regarding the inks used in the refilling of certain HP inkjet cartridges. Under the terms of the confidential agreement, InkCycle has agreed to acquire re-formulated, non-infringing ink sets for three InkCycle products and has agreed to pay HP an undisclosed sum. The lawsuit was initially filed in March 2005 after HP discovered that refilled inkjet cartridges sold under the Staples brand contained patent-infringing ink. "HP will continue to invest in technology that benefits consumers and to aggressively protect this investment," said Pradeep Jotwani.
