Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Future Mobility's Sealegs unit gets permanent injunction

Future Mobility's Sealegs unit gets permanent injunction in copyright suit against Orion Marine, Smuggler

By Jonathan Underhill

July 13 (BusinessDesk) - Future Mobility Solutions said it won a High Court copyright infringement suit against rival boatbuilders that had used technology from its Sealegs amphibious boats.

The Auckland-based company said the High Court granted Sealegs International a permanent injunction against Orion Marine, Smuggler Marine, Darren Leybourne, Yun Zhang and David Pringle.

It first sought an injunction in September 2016 against the rival companies and some ex-Sealegs employees. At the time, Smuggler was advertising its Strata 770 as being "teamed up with Sealegs technology" but pictures of the vessel on its website, which Sealegs said was a copy of its technology, were subsequently taken down. Sealegs's amphibious boat technology was previously licensed by Smuggler.

"The court has granted Sealegs a permanent injunction against the defendants and has determined that costs and damages are also due," said Future Mobility chief executive Mark Broadley. "A further hearing will be heard in this respect."

In November 2017, Future Mobility posted a first-half loss of $514,000 which it largely attributed to its litigation costs of $669,000 for its Sealegs International subsidiary. The listed company changed its name from Sealegs at the start of last year, after signalling plans to expand into new markets such as drones and sea structures.

Shares in Sealegs last traded at 13 cents and have fallen 13 percent in the past 12 months while the S&P/NZX 50 Index gained 18 percent.

(BusinessDesk)

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: