Washington, PA-Ferro Corp. (Cleveland, OH) and TherMark L.L.C. (Los Angeles, CA) have settled a dispute over patented laser marking technology and established a license agreement allowing both parties to practice and promote laser marking technology under the applicable patents. Several years ago both companies developed materials that enhance or enable lasers to make permanent, higher-contrast marks on a variety of surfaces with different lasers.
The agreement gives both firms the ability to market each other’s products and processes without concern about infringing their patents. Ferro will be the sole and exclusive supplier of TherMark marking materials to worldwide markets except for certain limited preexisting licensing agreements that TherMark has in place. TherMark will be an authorized distributor of Ferro’s marking materials.
According to Dave Smith, sales manager for Ferro Glass Systems’ CerMark Laser Marking business, “It is an equitable agreement that will help both firms and will give us the opportunity to expand more rapidly.”