Under the terms of the agreement, InkCycle must re-formulate a new set of inks which will not infringe upon the HP ink products. InkCycle will also pay HP an undisclosed sum of money as part of the resolution.
The lawsuit was filed earlier this year with HP alleging that InkCycle was selling refillable ink for HP printers at several Staples stores. While HP has stated they will aggressively protect their products, InkCycle is taking a more positive spin on the courts decision.
“As an ethical company, InkCycle respects all IP rights. Our experience with HP has led to a further strengthening of our IP knowledge base, a critical factor for InkCycle’s continuing aftermarket leadership,” said Brad Roderick, vice president, InkCycle. “We worked quickly and in collaboration with HP to procure reformulated inks when we learned of the problem and believe that helped bring this matter to a speedy resolution.”
In related news, a Georgia woman filed a suit against HP in February claiming the company puts a micro-chip on their ink cartridges to make sure they die at a pre-programmed date. HP would not comment on the case. We have not heard whether the lawsuit has been settled at this point in time.
