Rogers Corp. & Diversified Silicone Products Corp. File Complaint to Stop ElastaPro’s Misappropriation of Trade Secrets & U...
March 05 2020 - 4:09PM
Business Wire
Rogers Corporation (NYSE: ROG) and wholly-owned subsidiary
Diversified Silicone Products Corporation (“DSP”) (together
"Rogers”) announced today that they have filed a Complaint in the
U.S. District Court for the Central District of California against
ElastaPro Silicone Sheeting LLC (“ElastaPro”) of Santa Fe Springs,
California. The Complaint asserts that ElastaPro has unlawfully
obtained and leveraged Rogers’ trade secrets—including technical
formulations and manufacturing knowhow—to fast-track its market
entry and compete unfairly with Rogers.
“Rogers invests in developing world-class materials for our
customers, and we must protect our intellectual property for our
company, our channel partners and ultimately our customers,” said
Colin Gouveia, Senior Vice President and General Manager of Rogers’
Elastomeric Material Solutions Division. “We have a deep commitment
to healthy fair competition and respect for intellectual property
rights and therefore cannot allow ElastaPro to continue trading on
Rogers’ credibility and investments.”
Rogers has asked the Court to hold ElastaPro liable for
Violation of Defend Trade Secrets Act, Violation of California
Uniform Trade Secrets Act, Intentional Interference with
Prospective Economic Advantage, Conversion, Unfair Competition, and
Unjust Enrichment. Rogers seeks monetary damages and an injunction
to stop ElastaPro’s misappropriation of its trade secrets. Out of
concern for downstream customers, however, Rogers has not asked the
Court to immediately enjoin ElastaPro from performing any existing
contractual obligations.
About Rogers Corporation
Rogers Corporation (NYSE: ROG) is a global leader in engineered
materials to power, protect, and connect our world. With more than
180 years of materials science experience, Rogers delivers
high-performance solutions that enable the company’s growth
drivers-- advanced connectivity and advanced mobility applications,
as well as other technologies where reliability is critical. Rogers
delivers Power Electronics Solutions for energy-efficient motor
drives, e-Mobility and renewable energy; Elastomeric Material
Solutions for sealing, vibration management and impact protection
in mobile devices, transportation interiors, industrial equipment
and performance apparel; and Advanced Connectivity Solutions for
wireless infrastructure, automotive safety and radar systems.
Headquartered in Arizona (USA), Rogers operates manufacturing
facilities in the United States, China, Germany, Belgium, Hungary,
and South Korea, with joint ventures and sales offices
worldwide.
About Diversified Silicone Products
Corporation Diversified Silicone Products Corporation is
a custom quality stock direct-to-customer silicone product
development and manufacturing business headquartered in Arizona and
operating in Carol Stream, Illinois. The specialized materials and
products manufactured by Diversified Silicone Products Corporation
serve a wide range of applications across many market segments,
including general industrial, aerospace, automotive and life
sciences.
Safe Harbor Statement This
release contains forward-looking statements concerning expectations
with respect to litigation filed by Rogers and the possible
outcomes if successful. All forward-looking statements are based
upon information available to Rogers on the date of this release
and are subject to risks, uncertainties and other factors, many of
which are outside of the company’s control, which could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Risks that could cause such results
to differ include for example the outcome of ongoing and future
litigation and changes in applicable laws and regulations. Rogers
Corporation assumes no responsibility to update any forward-looking
statements contained herein except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200305005843/en/
Steve Haymore Phone: 480-917-6026 Email:
stephen.haymore@rogerscorporation.com Website address:
http://www.rogerscorp.com
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