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SSM And Fadis Reach Patent Agreement

SSM AND FADIS REACH PATENT AGREEMENTSSM Schr Schweiter Mettler AG and Fadis SpA signed a license agreement which includes the use of patents for electronic yarn-guiding system. The deal resolves a patent infringement dispute that originated during ITMA 1999.The license agreement authorizes Fadis to use SSM patents for the production and the incorporation of electronic yarn-guide systems in its entire Syncro winder line. SSM has been delivering this technology since 1995 and has sold about 40,000 units.November 2001