COEUR D’ALENE, Idaho — (BUSINESS WIRE) — April 15, 2024 — Continuous Composites Inc., an advanced manufacturing and materials company, announced today that a federal jury in the District Court of Delaware unanimously found that Markforged, Inc. (“Markforged”) infringed Continuous Composites’ patents by selling infringing 3D printers. The jury awarded $17 million in past damages for sales of continuous fiber printers, finding that Markforged infringed on Continuous Composites’ foundational patent, U.S. Patent 11,173,660, and rejecting Markforged’s argument that it invented it first.
The jury awarded over $17 Million in past damages for sales of the infringing Markforged products from November 16, 2021 through December 31, 2023. In post-trial proceedings, Continuous Composites will ask the Court to set a rate for ongoing royalties for Markforged’s infringement by sales of infringing printers from 2024 through 2033.
“We are thankful for the jury’s diligence in recognizing Markforged’s infringement and our prior rights to Continuous Composites’ foundational patents. It confirms the value of our technology that the team has been working hard on since 2012, and we are committed to protecting our patents from those who wrongfully use them,” stated Steve Starner, CEO at Continuous Composites. Ryan Stockett, Continuous Composites Director of IP, added, “We have a broad IP portfolio that is critical to high-performance composite materials across many industries, and we will continue to invest in advancing our technology.”
Continuous Composites is a private company and a leader in the development and sale of 3D printing technology for advanced composites. With a broad intellectual property portfolio and one of the most advanced 3D printing systems on the market, Continuous Composites has revolutionized high-performance composite manufacturing.
Continuous Composites was represented at trial by Orrick, Herrington & Sutcliffe LLP and Lee & Hayes.
For more information, visit www.continuouscomposites.com.
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Contact:
Ryan Stockett – Director of Intellectual Property
ryan@continuouscomposites.com
