NCS Multistage Wins Patent Infringement Case Against Nine Energy Service
24 1월 2022 - 11:15PM
NCS Multistage Holdings, Inc. (“NCS” or the “Company”)
(NASDAQ:NCSM) announced that a jury in the U.S. District Court for
the Western District of Texas, Waco Division has found that Nine
Energy Service, Inc.’s (“Nine”) BreakThru casing flotation
device infringes on an NCS patent, U.S. Patent No. 10,465,445. The
jury awarded NCS approximately $486,000 in damages for infringement
of the patent from the patent issue date, November 5, 2019, through
the end of trial.
“We are very pleased with the unanimous jury verdict from last
Friday,” said Robert Nipper, NCS’s Chief Executive Officer. “Our
Airlock® casing buoyancy system pioneered a new way to float casing
in the wellbore and the jury verdict requires Nine to recognize the
value of our patent and innovation.”
Mr. Nipper continued, “NCS’s portfolio of over 100 issued
patents is the result of more than a decade of hard work by NCS
employees. The patent system, founded in the US constitution,
provides a framework for us to protect the inventions we develop
for our customers, allowing them to save time and money, and to
improve the environmental footprint of their operations. The ruling
further validates that our legal system will support its innovators
and protect them from those that seek to gain by infringing on the
intellectual property rights of others. This reinforces our
continued drive to deliver new technologies that bring enhanced
efficiency and value to our customers.”
NCS Multistage Holdings, Inc. is a leading provider of highly
engineered products and support services that facilitate the
optimization of oil and natural gas well completions and field
development strategies. NCS provides products and services to
exploration and production companies for use in horizontal wells in
unconventional oil and natural gas formations throughout North
America and in selected international markets, including Argentina,
China, the Middle East and the North Sea. NCS’s common stock is
traded on the NASDAQ Capital Market under the symbol “NCSM.”
Additional information is available on the website,
www.ncsmultistage.com.
Contact:Ryan HummerChief Financial Officer+1
281-453-2222IR@ncsmultistage.com
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