LOS ANGELES, July 17, 2015 /PRNewswire/ — Lucky Brand Dungarees, LLC announced today that the Company has reached a settlement and license agreement with RevoLaze LLC, a laser technology firm headquartered in Westlake, OH. The settlement and license agreement relate to a patent infringement lawsuit filed with the International Trade Commission on August 18, 2014 and Cleveland U.S. District Court on August 15, 2014. In accordance with the new agreement, Lucky Brand now has a non-exclusive, royalty bearing license to use RevoLaze patented laser abrasion technology for denim garments.
Alyson Barker, General Counsel, stated, “Lucky Brand is pleased to have reached an agreement that resolves the legal proceedings with RevoLaze and enables both companies to explore future opportunities to partner on development work.”
RevoLaze CEO Darryl Costin, PhD. commented, “We are very pleased to partner with a world-class company like Lucky Brand. We are excited to partner with Lucky Brand to help them realize the cost, quality, throughput and environmental advantages with our technology.”
About Lucky Brand Dungarees, LLC
Lucky Brand designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, footwear and other related consumer products. Lucky Brand products are distributed through branded stores as well as better department and specialty stores throughout the United States and Canada. As of July 17, 2015, the Company directly operated 245 retail and outlet stores in the United States and Canada. For more information about the Company, please visit www.luckybrand.com.
About RevoLaze LLC
Through a combination of unique digital software, and specifically designed material delivery systems, RevoLaze LLC creates the technology to achieve the highest speed, highest power galvo driven laser machines on the planet. With over 20 years of experience, and 31 patents granted worldwide, RevoLaze offers its licensees unprecedented cost reduction, throughput enhancement and design flexibility. To learn more about RevoLaze, visit http://www.revolaze.com.
SOURCE Lucky Brand Dungarees, LLC