OREANDA-NEWS. March 25, 2016.
B/E Aerospace, Inc. (the “Company”) (NASDAQ: BEAV), the world’s leading
manufacturer of aircraft cabin interior products, today announced that
it has secured its latest victories in the Company's multi-venue patent
dispute with MAG Aerospace Industries (“MAG”), a Zodiac Aerospace
company, concerning the sale of the Company’s innovative patented
lightweight Ecosystems Agile™ aircraft vacuum toilet.
On March 18, 2016, the U.S. Patent and Trademark Office invalidated
three patents that MAG had asserted against B/E Aerospace. This follows
the prior United States District Court case filed by MAG against B/E
Aerospace that was dismissed in January 2015 based upon the court’s
findings that the B/E Aerospace patented lightweight toilets do not
infringe the MAG patents. On March 23, 2016, the United States Court of
Appeals for the Federal Circuit affirmed the district court’s decision
in favor of B/E Aerospace in a unanimous ruling.
“We are pleased with the rulings by both the courts and the recent U.S.
Patent and Trademark Office, which should bring this litigation to a
close. We have always maintained that our patented Ecosystems Agile™
aircraft vacuum toilets are unique,” said
Amin J. Khoury, B/E
Aerospace's Executive Chairman of the Board. “We believe these latest
decisions resolve any uncertainty regarding marketability of our
innovative patented lightweight aircraft vacuum toilet products. Our
patented Ecosystems Agile™ toilet has been selected for the new Boeing
777X aircraft and certified for retrofit programs on the Boeing 737,
747, 757, 767, and 777 aircraft and is an integral component of our
Boeing 737 Advanced Lavatory. Our lightweight vacuum toilets have
significant advantages in reliability, weight savings and
maintainability than current products and allow components to be
replaced in a matter of minutes, not hours, as in existing systems,
thereby increasing aircraft flight hour availability and lowering
overall ownership costs.”
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve risks and uncertainties. The
Company’s actual experience and results may differ materially from the
experience and results anticipated in such statements. Factors that
might cause such a difference include those discussed in the Company’s
filings with the Securities and Exchange Commission (“SEC”), which
include its Proxy Statement, Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The declaration
and payment of future dividends, the repurchase of shares of the
Company’s stock and repayment of outstanding debt are at the discretion
of the Board of Directors and will depend on the Company’s future
earnings, capital requirements, financial conditions, operating
conditions, contractual restrictions and such other factors as the Board
of Directors may deem relevant. For more information, see the section
entitled “Cautionary Statement Regarding Forward-Looking Statements”
contained in the Company’s Annual Report on Form 10-K and in other
filings. The forward-looking statements included in this news release
are made only as of the date of this news release and, except as
required by federal securities laws and rules and regulations of the
SEC, the Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products. B/E Aerospace designs, develops and manufactures a
broad range of products for both commercial aircraft and business jets.
B/E Aerospace manufactured products include aircraft cabin seating,
lighting systems, oxygen systems, food and beverage preparation and
storage equipment, galley systems, and modular lavatory systems. B/E
Aerospace also provides cabin interior reconfiguration, program
management and certification services. B/E Aerospace sells and supports
its products through its own global direct sales and product support
organization. For more information, visit the B/E Aerospace website at www.beaerospace.com.
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