AdvanSix Inc. and Arxada Settle Global Patent Infringement Disputes, Reach Comprehensive Agreement
Reuters
Aug 20
AdvanSix Inc. and Arxada Settle Global Patent Infringement Disputes, Reach Comprehensive Agreement
AdvanSix Inc. and Arxada have successfully settled all outstanding patent infringement suits, reaching a comprehensive agreement through amicable discussions. This resolution addresses all pending patent disputes worldwide. AdvanSix is the owner of EZ-BLOX® Anti-Skinning Agent, which includes the key component 2-pentanone oxime ("2PO"). This component's use as an additive in alkyd-based coating compositions is covered by patent EP 3 286 270, validated in numerous European countries and valid until April 2036. As part of the agreement, Troy will source EZ-BLOX 2PO from AdvanSix and co-brand downstream sales with the EZ-BLOX® and Troymax® Antiskin MP marks. The agreement terms remain confidential.
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