MAYFIELD VILLAGE, Ohio,
June 13, 2013 /PRNewswire/ -- We
at Preformed Line Products Company (NASDAQ: PLPC) take intellectual
propriety rights very seriously: not only our own rights but
also those of others. While we acknowledge Channell's right to
defend its intellectual property, we find its allegations against
our COYOTE® Ground Level Closure (GLC) to be baseless and without
merit. The COYOTE GLC is an innovative ground level fiberoptic
closure system which utilizes PLP's patented segmented endplate
design and flexible grommet system.
We regret that Channell has chosen to pursue this course of
action in court rather than reaching out for discussion prior to
filing their lawsuit. While we hope to resolve this issue amicably,
we remain committed to defending our rights and intellectual
property to the fullest extent possible.
Founded in 1947, Preformed Line Products is an international
designer and manufacturer of products and systems employed in the
construction and maintenance of overhead and underground networks
for energy, communications and broadband network companies.
Preformed's world headquarters are in Mayfield Village, Ohio, and the Company
operates three domestic manufacturing centers, located in
Rogers, Arkansas, Albuquerque, New Mexico, and Albemarle, North
Carolina. The Company serves its worldwide market through
international operations in Argentina, Australia, Brazil, Canada, China, England, Indonesia, Malaysia, Mexico, New
Zealand, Poland,
South Africa, Spain and Thailand.
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 regarding the
Company, including those statements regarding the Company's and
management's beliefs and expectations concerning the Company's
future performance or anticipated financial results, among others.
Except for historical information, the matters discussed in this
release are forward-looking statements that involve risks and
uncertainties which may cause results to differ materially from
those set forth in those statements. Among other things,
factors that could cause actual results to differ materially from
those expressed in such forward-looking statements include the
strength of the economy and demand for the Company's products,
increases in raw material prices, the Company's ability to
identify, complete and integrate acquisitions for profitable
growth, and other factors described under the headings
"Forward-Looking Statements" and "Risk Factors" in the Company's
2012 Annual Report on Form 10-K filed with the SEC on March 15, 2013 and subsequent filings with the
SEC. The Annual Report on Form 10-K and the Company's other
filings with the SEC can be found on the SEC's website at
http://www.sec.gov. The Company assumes no obligation to
update or supplement forward-looking statements that become untrue
because of subsequent events.
SOURCE Preformed Line Products Company