Remy Resolves Dispute with Automotive Import Manufacturing, Inc.

ANDERSON, Ind., April 12 /PRNewswire/ -- Remy International, Inc., announced that it has resolved a dispute with Automotive Import Manufacturing (AIM), Inc. of Rancho Cordova, CA concerning certain U.S. Patents owned or licensed by Remy which protect its proprietary automotive alternator and starter motor technology.

Under terms of the settlement, AIM has agreed to purchase all of its new PG-260 starters from approved Remy supply channels. AIM has also made a settlement payment to Remy and has acknowledged the Remy starter patents. This settlement reflects Remy aggressively protecting its proprietary technology from unauthorized uses.

Remy's legal action has been brought amidst growing concern with the increasing manufacture and/or importation of patent-infringing products into United States markets. Infringing companies are channeling new "knock-off" parts into both the automotive aftermarket, which has traditionally used remanufactured products, and the original equipment market.

John Weber, President and CEO of Remy International, stated, "counterfeit and patent-infringing components and assemblies continue to be a major problem for the automotive and industrial industries. The copied products may look like the patent owner's designs but typically do not meet the design specifications in terms of functionality, quality and durability. Remy in particular is very proud of our engineering capabilities and the performance of our products, as represented by our well-recognized brand. Remy will aggressively defend its intellectual property against infringement to the fullest extent of the law, regardless of the magnitude of the infraction."

About Remy International, Inc.:

Remy International, Inc., headquartered in Anderson, Indiana, is a leading manufacturer, remanufacturer and distributor of Delco Remy brand heavy-duty starters and alternators and Remy brand starters and alternators, locomotive products and hybrid power technology. The Company also provides a worldwide components core-exchange service for automobiles, light trucks, medium and heavy-duty trucks and other heavy-duty, off-road and industrial applications.

Remy International Website: http://www.remyinc.com/

Source: Remy International, Inc. ‹ previous  •  1834 of 12808  •  next ›