AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in produce freshness solutions, received notice on June 30, 2017 from the United States District Court in Delaware that the Court has ruled AgroFresh to be the owner of the U.S. Patent No. 9,394,216 (the “‘216 patent”) technology, the core technology used in the product marketed as TruPickTM. This judgment resolves a key aspect of the litigation filed by AgroFresh against its former consultant, MirTech, and MirTech’s principal shareholder, Nazir Mir.
In its Opinion, the Court held that the relevant sections of the agreements between the parties were “clear and unambiguous” and that under the terms of those agreements, MirTech automatically assigned to AgroFresh the ‘216 patent technology.
“We are pleased that the Court validated AgroFresh’s claim of ownership to the ‘216 patent technology. AgroFresh remains committed to defend its intellectual property and continue investing in proprietary innovations to offer its 3,000 global customers unparalleled technology and service to improve fruit and vegetable quality and to reduce food waste,” said Jordi Ferre, AgroFresh CEO.
AgroFresh will now pursue its remaining claims in Court, including its damages claim.
AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global industry leader in providing innovative data-driven specialty solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFresh™ Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh is currently commercialized in over 40 countries worldwide. Additionally, the company has a number of different solutions and application technologies that have either been launched (Harvista™, RipeLock™, LandSpring™) or will be launched in the future that will extend its footprint to other crops and steps of the global produce supply chain. For more information, please visit www.agrofresh.com.
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