Markforged Announces Positive Ruling in Patent Infringement Lawsuit
Ruling eliminates all patent infringement claims made by Continuous Composites in its original July 2021 complaint
WATERTOWN, Mass. – April 4, 2023 – Markforged (NYSE: MKFG) the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced that the United States District Court for the District of Delaware issued a ruling eliminating all four patents originally asserted by Continuous Composites against Markforged in July 2021. The court ruling confirms that Markforged does not infringe these patents and supports Markforged's position that these claims were meritless.
This outcome stems from a recent “Claim Construction” proceeding where both parties presented arguments for how the key concepts of each patent should be interpreted. Based on the arguments presented, the court sided with Markforged’s interpretation of a phrase in the patents. Following this ruling, Continuous Composites conceded that the four patents comprising a total of twenty patent claims should be removed from the case. Currently, only a single, recently-issued patent that was added to the case in February 2022, comprising two patent claims asserted by Continuous Composites, remains.
Markforged maintains its position that it does not infringe this last patent, and will continue to defend against the remaining claims. The company is focused on serving the more than 10,000 global manufacturers who rely on Markforged technology every day to produce mission critical parts directly at the point of need.
“We are very pleased with this ruling, which largely validates Markforged’s position that we do not infringe any of Continuous Composites’ patents,” said Shai Terem, President and CEO of Markforged. “From the start, we believed the Continuous Composite lawsuit to be meritless, and it is gratifying to see this bear out as the case progresses. After this ruling any potential exposure related to the matter is limited to the one remaining patent. We plan to continue to mount an aggressive defense of the couple remaining claims against us in this final patent.”
Markforged (NYSE:MKFG) is making manufacturing more resilient and flexible by bringing on-demand industrial production to the point of need. The Markforged Digital Forge – the reliable, intelligent and easy-to-use additive manufacturing platform – empowers any manufacturer to create strong and accurate end-use parts repeatably in both metal and composites anywhere and anytime. Over 10,000 customers across 70+ countries use The Digital Forge to overcome limitations of traditional manufacturing while strengthening their supply chains. Markforged is headquartered in Watertown, Mass., where it designs the hardware, software and materials that powers its platform. To learn more, visit www.markforged.com.
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Austin Bohlig, Director of Investor Relations
Sam Manning, Principal Public Relations Manager
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