2003 Highlights - Awards, Honors and Articles Feb 28, 2003 - MITY Enterprises Reaches Settlement in Patent Infringement Suit
Feb 28, 2003 - MITY Enterprises, Inc. MITY-LITE ADDS NEW CHAIR LINE FOR IMMEDIATE RELEASE: Friday February 28, 2003
CONTACT: Bradley T Nielson
President and Chief Executive Officer
Paul R. Killpack
Chief Financial Officer
MITY Enterprises, Inc.
801-224-0589 MITY Enterprises Reaches Settlement in Patent Infringement Suit OREM, UTAH - MITY Enterprises, Inc. (NASDAQ: MITY), today announced it has reached a settlement in the company's patent infringement lawsuit against Midwest Folding Products. Midwest Folding Products is a privately-held manufacturer of institutional furniture products based in Chicago, Illinois. The terms of the settlement were undisclosed. MITY filed the lawsuit in January 2002 alleging that Midwest plastic banquet tables were infringing on a patent that MITY holds on the method for constructing the table top for its lightweight, durable banquet tables. Midwest has recently redesigned its plastic banquet table line. "We feel that this settlement is the right thing to do for our shareholders and the company," said Bradley T Nielson, president and chief executive officer of MITY. "We regard our intellectual property and innovative products to be one of our most valuable assets and will take whatever means necessary to protect those assets." Founded in 1987, MITY Enterprises, Inc. designs, manufactures and markets innovative institutional furniture created to meet the efficiency needs of its customers. MITY Enterprises focuses on providing premium quality institutional furniture products to niche markets. The product lines consist of multipurpose room furniture and healthcare seating. MITY's products are marketed under the Mity-Lite and Broda tradenames. Headquartered in Utah, MITY Enterprises serves national and international customers directly and through distributors. For further information, visit MITY Enterprises online at www.mitylite.com. FOR IMMEDIATE RELEASE: Friday February 28, 2003
CONTACT: Bradley T Nielson
President and Chief Executive Officer
Paul R. Killpack
Chief Financial Officer
MITY Enterprises, Inc.
801-224-0589 MITY-LITE ADDS NEW CHAIR LINE OREM, UTAH - Mity-Lite, Inc., a wholly-owned subsidiary of MITY Enterprises, Inc. (Nasdaq: MITY), designer, manufacturer and marketer of a variety of institutional furniture, today introduced the new Generous Size MityHost chair line. The new chair line compliments the Standard Size MityHost chair line and can be used to expand seating capacity by mixing and/or matching the chair lines. The product line is available for immediate shipment.
The Generous Size MityHost features a seat and back that are wider and taller than the Standard Size MityHost chair line making it more comfortable and providing more personal space. The line is specifically designed for the hospitality, government, church, higher education, public assembly, and design and architects markets. Each chair has a seat that is 2 inches wider and a back that is 2 inches wider as well as 1 inches taller. As with all MityHost chair lines, the Generous Size chair line is available in an assortment of frame and fabric color options, arm options and the new Flex back option. Each chair is backed by a 10 year warranty. "We are excited to add the Generous Size MityHost chair to our growing number of chair lines," said Kevin R. Stoker, vice president of sales and marketing for Mity-Lite. "Our customers requested a chair that has the features of our other MityHost chair lines as well as the ability to provide more comfort and personal space. We think this chair achieves that goal." Founded in 1987, MITY Enterprises, Inc. designs, manufactures and markets innovative institutional furniture created to meet the efficiency needs of its customers. MITY Enterprises focuses on providing premium quality institutional furniture products to niche markets. The product lines consist of multipurpose room furniture and healthcare seating. MITY's products are marketed under the Mity-Lite and Broda tradenames. Headquartered in Utah, MITY Enterprises serves national and international customers directly and through distributors. For further information, visit MITY Enterprises online at www.mitylite.com.
|