In an article published in the Financial Post on Tuesday, June 14, 2016, Kristine Owram reported on Florida U.S. District Judge Beth Bloom, who ordered BRP (Bombardier Recreational Products), the maker of Ski-Doos and Sea-Doos, to pay Arctic Cat $46 million for patent infringement.
We felt this judgement was well worth commenting on as Intellectual Property (IP) is of particular importance for two of The Howard Group’s clients and is a key reason why we are invested in both companies, being Clean Seed (CSX.V) and FLYHT Aerospace (FLY.V).
When we first introduced Clean Seed in July 2014, the theme of the commentary was a belief that what would determine the company’s ultimate value was the IP portfolio, which has also grown over the past two years.
If we are correct, the IP will be THE reason for a major farm equipment manufacturer to take a serious look at Clean Seed. The company has incorporated multiple technologies into its CX-6 Smart Seeder that allow a field to be “painted” on a square foot basis with the simultaneous and optimum mixture of seed, nutrients and fertilizer. Very recently, the first CX-6 SMART Seeders were delivered to Rocky Mountain Dealerships (TSX – RME).
To read The Howard Group’s introduction to Clean Seed, click here
In the Arctic Cat case, the jury found that BRP willfully infringed on two patents related to a safer steering system for personal watercraft and therefore awarded Arctic Cat initial damages of US$15 million. However, because the infringement was found to be willful, the judge tripled the damages owing.
The article quoted Arctic Cat lawyer, Nicholas Boabel of law firm Hagens Berman, “Judge Bloom’s final judgement in this case is not only a major victory for our client, Arctic Cat, but a testament to the importance of upholding IP law and punishing wilful patent infringement.”
It’s expected that BRP will appeal.
To view the full Financial Post article, please click here.
Ag In Motion has been selected as the agricultural show of choice for Clean Seed and the CX-6 SMART Seeder™. Ag in Motion, Western Canada’s first outdoor farm expo, is situated on 320 acres of prime agricultural land offering unique live demonstration programs coupled with well managed site planning and visitor activities attracting an audience of over 10,000 people.
This year Clean Seed is deploying two SMART Seeders™ to the Ag In Motion site for people to witness and learn more about our innovative seeding technology. One SMART Seeder™ will be positioned as a static display in a presentation area hosted by Rocky Mountain Equipment and a second SMART Seeder™ will be performing live seeding demonstrations on a daily basis in front of the crowds.
Clean Seed also recently shipped a SMART Seeder™ to the show site to seed a designated plot next to the live demonstration grounds.
"Ag In Motion offers a dynamic trade show platform along with unique in field demonstration programs designed to feature leading edge technologies in precision agriculture. We are proud to have been selected as the first public venue to showcase the Clean Seed CX-6 SMART Seeder. The capability of this technology is an exciting advancement in precision seeding and will undoubtedly be one of the highlights of our event this year. The SMART Seeder will be taking part in the coordinated demonstration program over the course of the event including a plot of farm land that was seeded this spring."
Rob O'Connor - Show Director - Ag In Motion
Ag in Motion is the first and only agricultural trade show in Western Canada that provides an outdoor venue for progressive farmers that want to see and feel the latest agricultural innovations – all in one place.
The Ag In Motion show is operated by Glacier Farm Media, Canada’s largest farm publisher and owner of Canada’s Outdoor Farm Show, the country’s largest outdoor farm show held every year near Woodstock, Ontario.
Stay tuned for more information as we get closer to show time!
Show Dates & Times
July 19-21, 2016
8:30 am to 4:30 pm
Ag in Motion is located on the south side of Highway 16, 15 min. NW of Saskatoon, SK, near Langham. Range Road 3083, RM of Corman Park Section 15
Legal Description of Property: NW 15 + SW 15, Twp. 39. Range Road 8 W3
GPS: 52.3549, -107.0718