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Välinge acquires Inotec’s patent portfolio regarding fold down locking systems

Viken, Sweden -

Välinge has purchased all Inotec’s patents regarding one-piece fold-down systems (all-side or short-side), which are registered in numerous countries such as the US, Canada as well as China and with many more applications worldwide including Europe.  This patent portfolio also consists of several applications with some impressive specifications, which are expected to be granted shortly in Europe and other areas. 

The integrated double locking in both horizontal & vertical dimensions has shown confirmed manufacturability and demonstrated suitability for different flooring materials, such as laminate, wood, LVT and WPC. 

“We see the acquired patents as a good opportunity to strengthen and diversify our IP portfolio”, says Mr. Per Nygren, Vice President of Välinge Innovation. “It further gives Välinge a consumer relevant product complement to the already well-known and established 2G- and 5G-systems. These IP rights also open up for an interesting patent strategy including the filing of several divisional application in order to protect all aspects of the inventions disclosed in the acquired patents. We continuously develop new technologies and look for patent rights that our licensees can benefit from, both in terms of securing their own production and preventing any actors from unauthorized and infringing use of these IP rights.”

Consulicious Sarl represented by Filip Tack and Griffith Hack served as transaction advisors for Inotec.

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