Dow30 Component 3M (NYSE: MMM) Files Lawsuit Against China Based Firm
St. Paul, MN based 3M (NYSE: MMM) is a diversified technology company with a global presence in the following businesses: Industrial; Safety and Graphics; Health Care; Electronics and Energy; and Consumer. 3M is among the leading manufacturers of products for many of the markets it serves. Most 3M products involve expertise in product development, manufacturing and marketing, and are subject to competition from products manufactured and sold by other technologically oriented companies.
Recently, 3M insued a press release stating “3M Co. and 3M Innovative Properties Co. filed a lawsuit in the Central District of California against K2 Concepts and China-based Phoenix Automotive Refinishing, alleging multiple counts of patent, trademark, and copyright infringement. The suit alleges that certain automotive painting spray gun cup products, which are made by Phoenix in China and marketed and sold in the United States by K2, infringe seven 3M patents directed to 3M’s PPS™ technology that enables the efficient mixing and spraying of coatings for automotive collision repair and other applications. The suit also alleges that Phoenix’s marketing materials for those same spray gun cup products infringe 3M’s registered copyright and trademarks.”
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