Välinge and the Austrian wood parquet producer Stia Holzindustrie have extended the cooperation by adding a license for Välinge 5G-S fold down system to existing 2G license.
Välinge continues to increase revenues and earnings in spite of higher R&D costs, mainly due to introduction of new technology and improved market conditions.
Välinge is pleased to announce Alloc as the first Licensee of the new Aluminium based 4G system for the long side as well as the first laminate Licensee of the 5G-S side push system for the shorts side.
The district court ruled in favour of Pergo regarding non infringement based on insufficient evidence and dismissed Pergo's claims regarding validity of Välinge patents.
With the granting of the 2nd Chinese 5G-Wedge License Agreement in Wood Välinge now has in total 8 licensees on its 5G Side Push patents and technology.