License agreements signed for Extended Patent Protection

Välinge has signed several license agreements with manufacturers of wood plastic composite (WPC) and luxury vinyl tile (LVT) flooring, thereby extending its IP protection through cross-licenses and non-assertion undertakings.

The period 2012 through 2015 was marked by several legal disputes regarding scope of protection and patent rights applicable to LVT and WPC products, thereby bringing uncertainties to the market. Claims regarding certain of these IP rights were sent to several LVT/WPC licensees and their customers during that period.