Business
Cleantek Clears Path for Continued Growth of the First of Its Kind HALO(TM) Crown Mounted Lighting System
Calgary, Alberta--(Newsfile Corp. - December 15, 2022) - Cleantek Industries Inc. (TSXV: CTEK) ("...
About this update from Cleantek Industries Inc.
[{"type":"text","content":"Cleantek Clears Path for Continued Growth of the First of Its Kind HALO(TM) Crown Mounted Lighting SystemCalgary, Alberta--(Newsfile Corp. - December 15, 2022) - Cleantek Industries Inc. (TSXV: CTEK) (\"Cleantek\" or the \"Company\") is pleased to provide a further update with respect to the settlement of litigation process regarding the HALO™ crown mounted lighting intellectual property (the \"IP\"). Cleantek is an innovative provider of patented, clean technology solutions focused on reducing both cost and carbon intensity in the wastewater management and industrial lighting sectors across North America. Cleantek is a publicly traded company listed on the TSX Venture Exchange under the trading symbol CTEK. Cleantek and its wholly owned subsidiary Apollo are the original innovator of crown-mounted lighting systems with its invention of the HALO™ lighting systems almost a decade ago. Since then, the HALO™ lighting systems have been, and remain, the brightest and most technically advanced crown-mounted lighting systems on the market. HALO™ lighting systems can be configured for any rig and provide superior illumination to any drilling site. Additionally, HALO™ lighting systems are dark sky friendly, reduce operational management, and significantly decrease diesel consumption, decrease air pollution, and lower the risk of spillage of working fluids (oil, diesel, and coolant) by eliminating the need for conventional light towers.Cleantek and its wholly owned subsidiary Apollo have prevailed in their defense of several lawsuits filed by C-MOR Energy Services™ (\"C-MOR™\") clearing the path for continued and unfettered growth of the brightest and most technically advanced crown mounted lighting system on the market: the HALO™ lighting system, which as the pioneer has become synonymous with any type of crown mounted lighting system. On November 20th, 2022, Cleantek and C-MOR entered into a comprehensive settlement agreement that permits Cleantek to operate unfettered by a cross license under C-MOR's crown lighting system patents without a material impact to Cleantek's business. The settlement also allows C-MOR to avoid the mounting threats from Cleantek's earlier patents, which are both invalidating prior art to the later filed C-MOR patents and a bar to sales of C-MOR's infringi...