General Electric Co. and SABIC Innovative Plastics

Bryan, TX: (May-23-08) The Texas A&M University System brought charges against General Electric Co. and SABIC Innovative Plastics, alleging that the two companies used the university's patented research without obtaining a license to do so. The dispute stemmed from the use of a scratch-resistant polymer developed by A&M researchers and patented by the Texas A&M System. The suit alleged that the two companies used the polymer without authorization, thereby infringing on the university's intellectual property.

Sources stated that the two sides reached a settlement agreement in the dispute, in which General Electric Co. and SABIC Innovative Plastics agreed to pay the university $3 million, resolving the intellectual property suit. The Texas A&M System Board of Regents recently authorized the chancellor to accept the potential $3 million settlement from the two companies.

General Electric Co. and SABIC Innovative Plastics in the News

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Published on Jun-5-08