Leatt v Pro Tork Litigation Settles: Pro Tork Halts Sale of the Neck Brace Pro
Marketwire
Posted: 2009-02-02 11:00:00
CAPE TOWN, SOUTH AFRICA -- (Marketwire) -- 02/02/09 -- Leatt Corporation (PINKSHEETS: LEAT), a Nevada, USA Corporation headquartered in Cape Town, South Africa, and the developer of the Leatt-Brace®, a Neck Brace System designed to help prevent potentially devastating motor sport injuries to the cervical spine (neck), announced today that Leatt and Pro Tork have reached a settlement of their dispute over the alleged infringement by Pro Tork.
The settlement is over the alleged infringement by the Pro Tork Neck Brace Pro of Leatt's rights in the Leatt-Brace Moto GPX. Under the terms of settlement, Pro Tork has stopped selling its Neck Brace Pro product internationally and will pay an undisclosed sum to Leatt. Further details of the settlement are not available for public disclosure.
Dr. Leatt, the Chief Executive Officer of Leatt Corporation, said that he was very pleased by the outcome, "Leatt is thrilled about the outcome. We shall not hesitate to take all necessary action to enforce our intellectual property rights which protect the product internationally."
About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-Brace®, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The Company is located in Cape Town, South Africa.
For more information on the Leatt-Brace®, please visit the company website at www.leatt-brace.com. Any web site or portion thereof referenced herein is not a part of this press release. |
