Momentive Settles Legal Action with Hungpai with respect to Momentive’s NXT* Silane Patent Rights
WATERFORD, N.Y. (October 25, 2016) - MPM Holdings Inc. ("Momentive" or the "Company") announced today that it has reached a settlement with Dongguan Hungpai Shoe Material Manufacturing Co., Ltd. and Jingdezhen Hungpai Chemical Technology Co., Ltd. (referred to collectively as Hungpai) with respect to legal action taken by Momentive to enforce Momentive's NXT silane patent rights. The settlement furthers Momentive's policy of actively protecting and enforcing its global intellectual property.
"Momentive has a long history of innovation and we take protection of our intellectual property very seriously," said John Moran, Momentive Senior Vice President and General Counsel. "We have and will continue to vigorously enforce our intellectual property rights around the world."
Momentive's patented NXT silane can help manufacturers improve tire rolling resistance and traction to drive lower fuel consumption and carbon dioxide emissions. Momentive has invested millions of dollars and spent many years developing its NXT silane technology and demonstrating its efficacy in tire and rubber applications and operates an industry standard tire and rubber lab as part of its investment in this technology.
Momentive is a global leader in silicones and advanced materials, with a 75- plus year heritage of being first to market with performance applications that support and improve everyday life. Momentive delivers science-based solutions for major industries, by linking its custom technology platforms to allow the creation of unique solutions for customers. Additional information is available at www.momentive.com.
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