WOW Tech Group, part of Lovehoney Group, a global leader in premium intimate wellness products, and XR Brands, a well-established manufacturer and distributor in the adult novelty industry, have reached an amicable settlement in a previously filed patent infringement lawsuit initiated by WOW Tech against XR Brands in which WOW Tech accused XR Brands of infringing WOW Tech’s innovative Pleasure Air Technology patents.
As part of the resolution, XR Brands has agreed to become a licensee of WOW Tech’s patent portfolio, covering a range of their Suction Stimulating Toys. The resolution requires XR Brands to pay an undisclosed amount to settle the lawsuit and ongoing undisclosed royalty payments for continued use of the patented technology.
“This agreement reaffirms WOW Tech’s commitment to protecting our intellectual property, which is the result of years of innovation, investment and dedication to advancing the sexual wellness industry,” says Johannes Plettenberg, CEO of Lovehoney Group. “We appreciate XR Brands’ willingness to recognize the value of our IP and look forward to a productive licensing relationship that supports innovation while respecting creators’ rights.”
Rebecca Weinberg, President of XR Brands, comments saying, “XR Brands has always been a supporter of innovation and fair competition in the marketplace. We are pleased to have reached a resolution that enables us to move forward while honoring WOW Tech’s intellectual property. We value this opportunity to work together and offer our customers the ability to sell these top selling products knowing they are covered by this license agreement.”
