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-0.00209959343561753 -0.00150606878950651 0.00877006855209656 0.0279475917737484 0.0218268688607295 0.0293201175178799 0.0367762708846484 0.0429711843784313
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IPG Photonics Announces Ruling in Unified Patent Court [Yahoo! Finance]

IPG Photonics Corporation (IPGP) 
Last ipg photonics corporation earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ipgphotonics.com
Company Research Source: Yahoo! Finance
in fiber laser technology, announced today that the Local Division of the Unified Patent Court (UPC) located in Mannheim, Germany has issued a decision in a patent infringement case brought by Trumpf SE & Co. KG (“Trumpf”). The court ruled that certain designs of IPG's adjustable mode beam (AMB) lasers used in welding and cutting applications infringed European Patent 2,951,625. The decision impacts certain AMB laser products sold in seven UPC contracting member states, including Germany, France and Italy, affecting less than 1% of IPG's total sales. The Company is implementing contingency measures to support AMB customers. IPG's other lasers were not involved in the lawsuit and IPG's product portfolio remains broadly available. Remedies available to the patent owner, including an injunction, recall and damages, would be determined at a subsequent time after the required conditions have been satisfied. IPG respectfully disagrees with the decision and plans to file an appeal with Show less Read more
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