some more news
Tuesday February 25 2:04 PM EDT
Advanced Pultrusion Technologies Ltd./Power Stick
Manufacturing Inc. Obtain a Preliminary Injunction for
Return of its Pultrusion Machine
VANCOUVER, British Columbia, Feb. 25 /PRNewswire/ -- Further to its news release of
January 16, 1997, management announces that ADVANCED PULTRUSION TECHNOLOGIES
and its subsidiary company, POWER STICK MANUFACTURING, have been granted a
preliminary injunction against QUADRAX CORPORATION (NASDAQ Small Cap: QDRX) in
the United States District Court for the District of Rhode Island. The Preliminary Injunction allows
the Company to seize its patented pultrusion machine and related equipment from Quadrax and
clear the way for Power Stick to seek a permanent order and judgment on this and the seven other
counts of its complaint.
The seven other counts include Patent Infringement, Violation of the Lanham Trade-Mark Act,
Misappropriation of Trade Secrets, Unfair Competition, Conversion of Goods, Negligence and
Prima Facie Tort. The Company is also claiming civil liability for offences, is seeking compensatory
damages on six counts, exemplary damages on five counts and treble damages on the count of
patent infringement.
Quadrax allegedly acquired Power Stick's patented pultrusion machine as part of an asset purchase
from VEGA, USA, as announced by Quadrax on June 20, 1996. However the transaction was
completely without the knowledge and consent of Power Stick. Furthermore, despite repeated
requests, Quadrax failed to stop manufacturing and promoting the sale of hockey sticks
manufactured on Power Stick's patented pultrusion machine.
Power Stick now intends to move its machine to an appropriate site and resume its manufacturing
operation.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert Tyson
Director SOURCE Advanced Pultrusion Technologies, Inc. |
