Court Rules In Zoltek’s (ZOLT) Favor In Carbon Fiber Patent Litigation

Zoltek Corporation just announced that the U. S. Court of Federal Claims has ruled in their favor in their carbon fiber patent litigation against Lockheed Martin, and will allow the company to pursue its patent claims against Lockheed Martin in Atlanta’s Federal District Court. 

Zsolt Rumy, Zoltek’s Chairman and CEO, had this to say about the case:

“We are pleased that the Court of Federal Claims ruled in our favor and cleared the way for continued prosecution of this lawsuit to vindicate our patent rights. Despite several setbacks that have caused this litigation to drag on for many years, we are as committed as ever to obtaining fair compensation for our proprietary carbon fiber technology utilized in these aircraft. Nonetheless, it appears that any recovery must await further proceedings and this case will not provide us any short-term financial benefit.”

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