VARIDESK LLC Announces Settlement Agreement with Lumi Legend Corp. over Intellectual Property Violation

2017-07-13 09:01 2341

Lumi enters into limited patent license agreement with VARIDESK relating to adjustable-height desk solutions

COPPELL, Texas, July 13, 2017 /PRNewswire/ -- VARIDESK LLC, a global leader in adjustable-height desk solutions, has reached a settlement agreement with Lumi Legend Corporation and several of Lumi's resellers, ending a patent infringement lawsuit brought by VARIDESK in March 2017 to the U.S. International Trade Commission. Under the terms of the agreement, VARIDESK has granted Lumi and its resellers a limited license under the asserted patents to sell through remaining U.S. inventories of the accused product.

  • Settlement ends lawsuit filed by VARIDESK
  • Settlement allows Lumi the opportunity to sell off all remaining inventory with a limited patent license agreement
  • Remaining terms of the Settlement Agreement are confidential

VARIDESK LLC is the world's leading workspace innovation company. VARIDESK designs, develops and manufactures height-adjustable standing desk solutions, active office accessories and office furniture systems that are transforming the way people work and interact daily. Currently, VARIDESK ships products to over 30 countries every day and counts over 90% of the Fortune 500 as clients. VARIDESK is designed to be simple to purchase, set up and use, and most products are in-stock and ready to ship within 24 hours, making it one of the easiest ways to revolutionize your workspace. VARIDESK, Work Elevated.

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Brad Shipp

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