Today, Milwaukee Electric Tool Corporation and Makita Corporation announced that they have reached an agreement terminating the pending litigations regarding Milwaukee’s patents on its lithium-ion technology. The terms of the agreement are confidential, but both companies stated they are pleased with the results.
Both companies expressed their satisfaction with being able to put the litigations behind them and focus on their core power tool businesses and continuing to deliver high quality, innovative solutions for their end users worldwide.
About Milwaukee Electric Tool Corporation
Milwaukee Electric Tool Corporation, a Brookfield, Wisconsin-based subsidiary of Techtronic Industries Co. Ltd. (TTI) (HKEx stock code: 669, ADR symbol: TTNDY) is an industry leading manufacturer and marketer of professional, heavy duty power tools and accessories. Products include the legendary SAWZALL® reciprocating saws, M12™, M18™ & V28™ LITHIUM-ION cordless tools, HOLE-HAWG® drills, portable band saws, circular saws, driver drills, hammer drills, rotary hammers, grinders, sanders and a line of Test & Measurement tools. Accessories include SAWZALL® blades, SWITCHBLADE® self-feed bits, BIG HAWG® hole cutters, THUNDERBOLT® drill bits and SHOCKWAVE Impact Duty™. For more information on the full line of Milwaukee® power tools and accessories, please call 1-800-SAWDUST or visit www.milwaukeetool.com.
About Makita Corporation
Makita is a worldwide manufacturer of industrial quality power tools, and offers a wide range of industrial accessories. Makita applies leading-edge technology and innovation to engineer tools that are more compact with less weight yet deliver industrial strength power and results. Makita's extensive line of cordless lithium-ion tools includes 18V LXT® Lithium-Ion, 18V Compact Lithium-Ion®, and 10.8V Ultra-Compact Lithium-Ion®. Other best-in-class products include rotary and demolition hammers and saws equipped with Anti-Vibration Technology™ (AVT™), 4-Stroke outdoor power equipment, Super Joint System (SJS) grinders, miter saws engineered with Deep and Exact Cutting Technology (DXT), and more. Makita U.S.A., Inc. is located in La Mirada, California, and operates an extensive distribution network located throughout the U.S. For more information, please call 800/4-MAKITA (800/462-5482) or visit the website at makita.com. Makita is Best in Class Engineering.