Press release
Malibu Boats Reports Litigation Progress and Reaches Agreement with MB Sports
LOUDON, Tenn., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Malibu Boats, LLC, the leading pioneer of modern wakesurfing technology, including the standard-setting Surf
About this update from Malibu Boats, Inc.
[{"type":"text","content":"LOUDON, Tenn., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Malibu Boats, LLC, the leading pioneer of modern wakesurfing technology, including the standard-setting Surf Gate system, reported that the Court entered a favorable claim construction ruling in Malibu’s ongoing patent litigation against Skier’s Choice. In that litigation, Malibu is asserting infringement by certain Skier’s Choice Supra and Moomba branded boats.\n Today, only days after the Court's ruling, Malibu announced that MB Sports, Inc. entered into a license agreement with Malibu that includes MB paying a one-time payment and future royalties to Malibu. Malibu CEO Jack Springer said, “The boating industry continues to show respect for Malibu’s innovations. Today, over twenty brands directly or indirectly license our IP, and in the towboat manufacturing segment, every significant towboat OEM now licenses Malibu’s patents. The sole exception is Skier’s Choice.” About Malibu BoatsBased in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats Inc. is the commanding market leader in the performance sport boat category through its Malibu and Axis Wake Research boat brands, the leader in the 20’ – 40’ segment of the sterndrive boat category through its Cobalt brand and in a leading position in the offshore fishing boat market with its Pursuit brand. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit www.malibuboats.com, www.axiswake.com, www.cobaltboats.com, or www.pursuitboats.com. About MB SportsBased in Atwater, California, MB Sports, Inc. develops, markets and manufactures quality boats designed to exhibit peak performance and enrich the lives of those who use them. MB purposefully manufactures a limited number of boats annually, still adhering to their original belief that every boat is an inspiration. At MB, we view boat making as an art and strive for perfection in each boat we make. For more information regarding MB’s innovative B52 or Tomcat models, visit mbsportsusa.com. Forward Lo...