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02/08/2006
McAndrews, Held & Malloy Secures Favorable Settlement for Intercat, Inc.
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CHICAGO, IL – February 8, 2006 – McAndrews, Held & Malloy announced today it has secured a favorable settlement in a patent infringement case pitting its client, Intercat, Inc., against defendants W. R. Grace & Co.-Conn. and Nol-Tec Systems, Inc. The case involved catalyst-loading systems used in the process of oil refining. As a result of the settlement, Intercat will receive payments of $9 million and the right to future royalties on sales of systems which utilize Intercat’s technology. Nol-Tec is enjoined from further infringing upon Intercat’s patent. “At stake for Intercat was the fundamental technology that launched – and currently supports – the company in a highly specialized and competitive field,” said Thomas J. Wimbiscus, McAndrews, Held & Malloy board member and lead counsel for Intercat. “We are very pleased with this settlement, which rightfully protects important intellectual property of Intercat.” Intercat is the leading manufacturer of specialty additives and catalyst-loading systems used in the Fluid Catalyst Cracking (FCC) process, a commonly used process used by modern oil refineries to produce a high yield of gasoline and liquefied petroleum gas. Serving approximately 65 percent of the world’s additive market, the company maintains relationships with almost every major oil refining company in the United States, Mexico, Canada, Japan, India, Europe and Australia. “Our catalyst addition system technology is crucial to our business, and the settlement recognizes the importance of Intercat’s intellectual property rights in this technology,” said Intercat Vice President and General Counsel James Sylvester. “We believe that the strategies of the McAndrews, Held & Malloy team led to this very favorable outcome, and that their work has helped secure our company’s position as market leader for our products.” With annual sales of more than $2.3 billion, Grace is a leading global supplier of catalysts and other products and services to petroleum refiners. Nol-Tec is a leading supplier of pneumatic conveying and integrated control systems. McAndrews, Held & Malloy attorneys Thomas J. Wimbiscus, George P. McAndrews, Patrick J. Arnold Jr. and Patricia J. McGrath represented Intercat.
About McAndrews, Held & Malloy Founded in 1988, McAndrews, Held & Malloy is one of the nation’s preeminent legal resources on intellectual property, antitrust and technology matters, serving institutions ranging from major multinationals and start-ups to world-class colleges and universities. The firm’s technically trained attorneys have built an unparalleled record of litigation successes in jury trials, bench trials and ADR proceedings. In addition, McAndrews, Held & Malloy offers its clients services in the following areas: patent and trademark procurement and portfolio management, patent interferences, trademark oppositions and cancellations, international practice, intellectual property/technology opinions and investigations, due diligence and M&A support, technology licensing and joint ventures, and technology transfers and donations. Additional information can be found at http://www.mcandrews-ip.com.
CONTACT: Jeremy J. Ahto / David Schulte Healy Communications 312/440-3900 jahto@healyco.com
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