This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Vehicle Service Group (VSG) And Stertil®-Koni Agree To Licensing Agreements

MADISON, Ind., March 26, 2013 /PRNewswire/ -- Lift manufacturers Vehicle Service Group (VSG) and Stertil ®-Koni USA Inc. have agreed to license patented heavy-duty vehicle lift technology to each other. The mutual licensing agreements resolve patent infringement lawsuits the companies filed against each other last year.

(Photo: http://photos.prnewswire.com/prnh/20130326/DE83693)

Under the agreements, details of which are confidential, VSG acknowledges Stertil-Koni's U.S. Patent 8,191,865 "Device and System for Lifting a Motor Vehicle" (the '865 patent) as it applies to Stertil-Koni's ECOLIFT line of heavy-duty inground scissor lifts. The patent covers the ECOLIFT system, including the combination of the scissor mechanisms, carriage, cover and other parts. The Stertil-Koni ECOLIFT is the industry's first U.S. patented, ultra-shallow, full-rise, in-ground scissor lifting system.  VSG has agreed to pay a licensing fee for the use of this patented technology on its Rotary Lift® EFX series of heavy-duty inground scissor lifts.

In turn, Stertil-Koni acknowledges VSG's U.S. Patent 6,983,196 (the '196 patent) "Electronically Controlled Vehicle Lift and Vehicle Service System." This patent covers 19 different elements that relate to computerized lift controls, lift data display, and networking lifts together. This patented technology makes it possible to provide lift operators with valuable feedback on the status of the lift, maintenance alerts, service manuals and other information through a control panel on the lift itself. Stertil-Koni agreed, as have other manufacturers, to pay a licensing fee to use this patented technology on its mobile column lifts.

"By resolving these issues, heavy-duty lift industry leaders VSG and Stertil-Koni jointly ensure that all of our customers have access to cutting-edge lift technology," says Kirk Dawson, vice president — heavy-duty for VSG. "This agreement will ultimately increase the number of lift options containing advanced features that enhance safety and productivity, which is in all of our customers' best interests."

In making today's announcement, Stertil-Koni USA President Dr. Jean DellAmore stated:  "We are exceedingly proud of our history of innovation, exemplified by ECOLIFT. We continue to implement the best and most cutting-edge concepts that can improve the industry and make the professional lives of the technicians that use our lifts better, safer and more complete. Here at Stertil-Koni, we believe we have a responsibility to advance the industry through better design. Based on this license agreement, Stertil-Koni is proud to be able to expand the benefit of the ECOLIFT design to more heavy-duty lift users in the United States and Canada."

The two lawsuits that had been filed were: Stertil-Koni USA, Inc. v. Vehicle Service Group, LLC, 1:12-cv-02254-CCB, United States District Court for the District of Maryland, Baltimore Division, filed on July 30, 2012; and Vehicle Service Group, LLC v. Stertil-Koni USA, Inc., 4:12-cv-00109-SEB-WGH, United States District Court for the Southern District of Indiana, New Albany Division, filed on September 5, 2012.

About Vehicle Service Group

VSG comprises nine major vehicle lifting and collision repair brands: Rotary Lift ®, Forward Lift ®, Direct-Lift ®, Hanmecson ®, Revolution Lift ®, Chief ® Automotive Technologies, Elektron, Blitz ® and nogra ®. Based in Madison, Ind., VSG has operations worldwide, including ISO 9001-certified manufacturing centers in the U.S., Europe and Asia. VSG is part of the Engineered Systems segment of Dover Corporation (NYSE: DOV), a multi-billion dollar, global producer of innovative equipment, specialty systems and value-added services. For more information about VSG, visit www.vsgdover.com or call (800) 640-5438.

About Stertil-Koni USA, Inc.

Stertil-Koni USA, Inc. is a member of the Stertil Group -- the global market leader in heavy duty vehicle lifts – bus lifts and truck lifts. The Stertil Group, which began designing and manufacturing vehicle lifts in 1947, is recognized worldwide for its commitment to quality, performance, durability and innovation.  The company has manufacturing facilities in the United States and Europe as well as sales and service locations across the U.S., Canada as well as in the Netherlands, United Kingdom, Germany, France, Poland, Turkey and Brazil. Stertil-Koni's breadth of products meets all ranges of lifting needs and includes mobile lifts, two-post, four-post, in-ground piston lifts, parallelogram lifts, half-scissors and its innovative axle-engaging, in-ground, scissor lift configuration, ECOLIFT. Stertil-Koni has also recently introduced the new DIAMOND LIFT, a full rise telescopic piston lift designed to set new standards in precision heavy duty lifting.

SOURCE Vehicle Service Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs