Asetek today announced that it has received payment of approximately $600 thousand as awarded in a patent infringement lawsuit against CMI USA, Inc. In December 2014, the U.S. District Court unanimously ruled in favor of Asetek on all claims in a patent infringement lawsuit against CMI USA, Inc. ("CMI") involving Asetek's U.S. Patents 8,240,362 and 8,245,764. The jury awarded Asetek damages representing a 14.5% royalty on CMI's infringing sales since 2012. After an appeal by CMI, the Federal Circuit U.S. Court of Appeals issued an opinion in April 2017 affirming the prior rulings regarding infringement, validity, damages and injunction against CMI. Payment from CMI of approximately $600,000, including interest, was received by Asetek today.

"This award signifies another successful defense of Asetek's intellectual property," said André Sloth Eriksen, Founder and CEO of Asetek. "As part of efforts to build and maintain market share, we closely review and assess all competitive offerings for infringement of our patents. We are pleased with our success in defending them."