Published:
JPS Industries, Inc. Announces Positive Litigation Result
GREENVILLE, S.C., Sept. 2 /PRNewswire-FirstCall/ -- Stevens(R) Urethane, a
business unit of JPS Industries, Inc., (JPST.PK) announced today that a jury
inHampshire County, MA found that Stevens(R) independently developed its
process for making Encapsolar(TM) and that neither Stevens(R) nor Jim Galica
used trade secrets of Specialized Technology Resources, Inc., as the
Connecticut-based company alleged.
Charles R. Tutterow, President of Stevens(R) Urethane and Executive Vice
President and Chief Financial Officer of JPS, stated, "We are pleased to have
this aspect of the matter resolved. This clearly vindicates Stevens(R), and
most importantly, Jim Galica personally and we look forward to competing in
the marketplace with our industry leading formulas, products and on time
deliveries."
JPS Industries, Inc. is a major U.S. manufacturer of extruded urethanes,
ethylene vinyl acetates and mechanically formed glass and aramid substrate
materials for specialty applications in a wide expanse of markets requiring
highly engineered components. JPS's products are used in a wide range of
applications including: printed electronic circuit boards; advanced composite
materials; civilian and military aerospace components; filtration and
insulation products; specialty commercial construction substrates; high
performance glass laminates for security and transportation applications;
photovoltaic solar modules; paint protection films; plasma display screens;
medical, automotive and industrial components; and soft body armor for
civilian and military applications. Headquartered inGreenville, South
Carolina, the Company operates four manufacturing locations inAnderson and
Slater, South Carolina;Statesville, North Carolina; andEasthampton,
Massachusetts.
CONTACT: Charles R. Tutterow
Executive Vice President
and Chief Financial Officer
864/239-3915
SOURCE JPS Industries, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,CHM,CPR,OTC,LAW,SC-JPS-litigation-end
_ _Is your favorite bookmark site missing?
Ask for it.
Search News
Daily News
