EDITOR: | June 6th, 2013

Hitachi Metals Files a Motion to Terminate ITC Investigation

| June 06, 2013 | No Comments
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June 6, 2013 — Tokyo, Japan (Source: Hitachi Metals Ltd) — Hitachi Metals, Ltd. (TOKYO : 5486) (ISIN : JP3786200000) announced today that it has filed a Motion to Terminate the Investigation on the Basis of Withdrawal of the Complaint with respect to the investigation pending before the United States International Trade Commission (ITC) regarding infringement of certain Hitachi Metals U.S. patents by the sale into the United States of certain sintered Nd-Fe-B magnets.

Hitachi Metals has determined that its goals in initiating the investigation pending before the ITC for infringement of certain Hitachi Metals U.S. patents by the sale into the United States of certain sintered Nd-Fe-B magnets have entirely been achieved. Of the 29 respondents originally named in the investigation, 26 respondents have been dismissed from the investigation to this point, virtually all of them through settlement agreements entered into with Hitachi Metals. As a result, Hitachi Metals filed a Motion to Terminate the Investigation on the Basis of Withdrawal of the Complaint.

This ITC investigation has sent a strong message to the marketplace that Hitachi Metals is prepared to aggressively enforce its patents to bring order to the market for the benefit of its and its licensees’ sintered rare earth magnet businesses. Hitachi Metals intends to continue to closely monitor and strongly enforce its patents in the markets for sintered rare earth magnets.

Hitachi Metals is a recognized worldwide leader in the field of sintered rare earth magnets. Hitachi Metals owns over 600 sintered rare earth magnet patents worldwide, including over 100 patents in the United States alone. This significant patent portfolio contains patents important for the safe, efficient, commercial manufacture of sintered rare earth magnets.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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