Helen of Troy Expresses Disappointment Over Jury Verdict in Thermometer Infringement Case
January 25 2016 - 6:00AM
Business Wire
Helen of Troy Limited (NASDAQ, NM: HELE), designer, developer
and worldwide marketer of consumer brand-name housewares, health
and home, nutritional supplement and beauty products, announces the
outcome of a jury trial between Kaz USA, Inc. (“Kaz”), an operating
subsidiary of Helen of Troy, and Exergen Corporation, headquartered
in Watertown, MA. The case involved claims of alleged patent
infringement related to two forehead thermometer models sold by Kaz
in the United States. On January 22, 2016, the jury found in favor
of Exergen and awarded damages of $14.6 million with respect to a
period of approximately seven years of sales. Kaz is respectful of
the jury determination but is disappointed, and disagrees strongly
with that determination. The outcome of the case is not yet final,
and the verdict will be subject to several post-trial motions. The
forehead thermometers involved in this case represented less than
1% of Helen of Troy’s consolidated net sales for fiscal year
2015.
About Helen of Troy
Limited:
Helen of Troy Limited is a leading global consumer products
company offering creative solutions for its customers through a
strong portfolio of well-recognized and widely-trusted brands,
including: Housewares: OXO®, Good Grips®, Soft Works®, OXO tot® and
OXO Steel®; Health and Home: Vicks®, Braun®, Honeywell®, PUR®,
Febreze®, Stinger®, Duracraft® and SoftHeat®; and Beauty: Revlon®,
Vidal Sassoon®, Dr. Scholl's®, Pro Beauty Tools®, Sure®, Pert®,
Infusium23®, Brut®, Ammens®, Hot Tools®, Bed Head®, Karina®,
Ogilvie® and Gold 'N Hot®. The Nutritional Supplements segment was
formed with the acquisition of Healthy Directions, a U.S. market
leader in premium doctor-branded vitamins, minerals and
supplements, as well as other health products sold directly to
consumers. The Honeywell® trademark is used under license from
Honeywell International Inc. The Vicks®, Braun®, Febreze® and Vidal
Sassoon® trademarks are used under license from The Procter &
Gamble Company. The Revlon® trademark is used under license from
Revlon Consumer Products Corporation. The Bed Head® trademark is
used under license from Unilever PLC. The Dr. Scholl's® trademark
is used under license from MSD Consumer Care, Inc.
For more information about Helen of Troy, please visit
www.hotus.com.
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Investors:ICR, Inc.Allison Malkin / Anne Rakunas203-682-8200 /
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