Novalis Extends its License with Välinge and Adds Mannington Indemnification
Välinge Innovation and Novalis Innovative Flooring announce that the companies have signed a license where Novalis obtains a license on Välinge IP related to resilient floors, including an indemnification on patents from Mannington Mills Inc. related to LVT flooring.
The floor-covering producer Novalis enters into a license agreement covering specific Välinge and Mannington patent rights for LVT products. The agreement is a part of a strengthened cooperation since Välinge and Novalis already in December 2012 signed a license agreement related to Fold Down technologies based on Välinge's and Classen’s patent rights for use on it’s LVT products.