Frito-Lay and Innovia Films Suit Reconciled
September 27, 2012
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Frito-Lay North
America Inc, a subsidiary of PepsiCo, and Innovia Films Ltd. have resolved
their legal issue over the patent rights for bio-based multi-layer films.
Both companies collaborated to achieve a mutually agreeable outcome, ensuring a strong patent position for Frito-Lay and the ability for Innovia Films to practice under the patents including the use or resale of Innovia’s products by their global customers for bio-based multi-layer films.
David Beeby, CEO, Innovia Films stated “We are very pleased that we have been able to resolve this issue in an open and constructive manner. It also means that Innovia is able to accelerate our product development and supply of NatureFlex renewable and compostable films for bio-based multi-layer applications.”
Innovia Films Ltd.
www.Innoviafilms.com
Both companies collaborated to achieve a mutually agreeable outcome, ensuring a strong patent position for Frito-Lay and the ability for Innovia Films to practice under the patents including the use or resale of Innovia’s products by their global customers for bio-based multi-layer films.
David Beeby, CEO, Innovia Films stated “We are very pleased that we have been able to resolve this issue in an open and constructive manner. It also means that Innovia is able to accelerate our product development and supply of NatureFlex renewable and compostable films for bio-based multi-layer applications.”
Innovia Films Ltd.
www.Innoviafilms.com
