Välinge Innovation, the inventor of the first mechanical locking systems for floorings, today announced that Halstead, Home Depot and Välinge together with I4F have reached an out of court settlement of a pending litigation in the US. The companies entered into a confidential settlement agreement to fully resolve the legal case between them, that has now been withdrawn on the joint request of the parties by the U.S. District Court for the District of Delaware.
Välinge and I4F are satisfied that this settlement permits all parties to go forward with their activities and makes good sense for the involved parties.
About Välinge Innovation AB
Välinge Innovation AB is focused on the development of patents and technologies for the flooring and furniture industry. Its portfolio includes technologies as well as IP for flooring installation and wall mounting systems, material compositions, surface technologies and click furniture.
Välinge has strategic partnerships with the industry’s most important IP players, including Unilin, IVC, Pergo, Mannington, Classen, and US Floors. The company’s state-of-the-art installation technologies, 2G™ in combination with 5G® or 5G-i™, provide unique methods for significantly faster and stronger installation of flooring panels. These solutions are suitable for laminate, luxury vinyl tiles, expanded and solid polymer cores, wooden flooring panels and more.
Välinge has over 2,600 international granted patents within flooring, furniture and surface technologies and the company has a license base of more than 230 licensees. As of 2018, the company had about 200 employees and a turnover of >120 M€ and is headquartered with the world's most advanced R&D center for floorings in Viken, Sweden.
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