FAIRPORT HARBOR, Ohio – October 5, 2015 – OurPet’s Company (OPCO: OTCQX), a leading proprietary pet supply company, today announced a patent infringement settlement with Loving Pets Corporation (“Loving Pets”).
The lawsuit alleged that Loving Pets’ Ruff-N-Tuff® Pet Feeding Dish infringed OurPet’s ‘529 utility patent, which is for a feeding dish with rubber on the bottom that does not extend up the sidewall. The matter was settled confidentially.
Dr. Steve Tsengas, President & CEO, commented, “We are pleased with the outcome of this patent infringement case. In the future, OurPet’s will continue to protect the value of our innovative product lines, and specifically our intellectual property portfolio, which currently includes 139 patents issued or pending.”
OurPet’s Company designs, produces and markets a broad line of innovative, high-quality accessory and consumable pet products in the U.S. and overseas. Investor and customers may visit www.ourpets.com for more information about our company and its products. OurPet’s websites include www.petzonebrand.com and www.ourpets.com .
Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions; growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign currency rates; rising costs for raw materials and sources of supply that may be limited or unavailable from time to time; the timing of orders booked; and the other risks that are described from time to time in OurPet’s Company SEC reports.
Dr. Steven Tsengas
(440) 354-6500 (Ext. 111)