Välinge Welcomes New Licensees
Viken, Sweden - August 28, 2006
Välinge Innovation AB has finalised during the last weeks several ongoing license negotiations and entered in not less than five global license agreements allowing these new licensees to use the patented Välinge technology for glue free flooring.
All these companies are eager to launch their new product ranges with the standard and new Välinge developments on the market.
In Europe the Swedish company Golvabia AB and the German/Croatian group Haas/HPV will now introduce glue free wooden flooring products utilising locking systems developed by Välinge to the market.
In Asia the Chinese company Robina Wood Ltd has decided to extend its cooperation with Välinge. The company had already signed a license agreement for wood flooring more than a year ago and is now going to launch laminate flooring utilising the Välinge locking systems.
Also the Chinese company Shanghai All Sun Wood Industry Co Ltd has decided to join Välinge as licensee and will implement the Välinge technology on its laminate flooring.
As fifth licensee the Chinese wood producer Furnco International Corporation has entered into a license agreement.
Välinge is at present in the final negotiation phase with several other companies and expects to be able to announce in the near future further licensees to the market.
Darko Pervan, CEO of Välinge sees a fast and significant increasing interest from the market in the unique position that his company holds on the marketplace : a unprecedented combination of intellectual property, constant R&D, a state of the art research center and an efficient customer service are the key to the success. Next to these factors the industry is now starting to more and more respect intellectual property. Many companies see Intellectual Property and the access to it, through a license as a competitive advantage rather than as a disadvantage. This is also valid for China, where Välinge today has eight licenees.
Välinge has today in total close to sixty licensees.Further information
can be found on the companies web-sites.
For further information please contact:
Vice President Sales and Marketin
Tel: +46-706 237001