TORONTO, Jan. 14, 2019 /CNW/ - Spin Master Corp. (TSX:TOY;
www.spinmaster.com) and Alpha Group Co., Ltd. of Guangzhou, Guangdong, P.R. China, are pleased to announce
that their disputes in Canada, the
United Kingdom, and the United States regarding transformable toys
have been resolved amicably. Among the terms of settlement
are Alpha Group's agreement not to sell, after January 31,
2019, the Screechers Wild! products identified in the three
cases in the three countries subject to the settled disputes.
"We are very proud of the innovative technology behind the
Bakugan products," Chris Harrs,
General Counsel, Spin Master Corp. "Spin Master has a history and
reputation for enforcing our intellectual property and we will
continue to vigorously protect our rights where necessary."
Spin Master filed and obtained world-wide patents to protect the
transformation mechanism associated with its award winning and
successful Bakugan® toys. Spin Master takes great care to protect
its innovative transforming technology in major territories around
the world. Spin Master currently has outstanding law suits filed
against Mattel in Canada,
The United States and Mexico alleging Mattel's Mecard product
infringes the Bakugan technology.
About Spin Master
Spin Master (TSX:TOY; www.spinmaster.com) is a leading global
children's entertainment company that creates, designs,
manufactures, licenses and markets a diversified portfolio of
innovative toys, games, products and entertainment properties. Spin
Master is best known for award-winning brands including Zoomer®,
Bakugan®, Erector® by Meccano®, Hatchimals®, Air Hogs® and PAW
Patrol®. Since 2000, Spin Master has received 103 TIA Toy of The
Year (TOTY) nominations with 28 wins across a variety of product
categories, including 13 TOTY nominations for Innovative Toy of the
Year. To date, Spin Master has produced eight television series,
including 2007 success Bakugan Battle Brawlers and current hit PAW
Patrol, which is broadcast in over 160 countries and territories
globally. Spin Master has 28 offices and employs over 1,700 people
globally in Canada, United States, Mexico, France, Italy, United
Kingdom, Russia,
Slovakia, Poland, Germany, Sweden, the
Netherlands, China,
Hong Kong, Japan, Vietnam and Australia.
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SOURCE Spin Master