Polaris Industries Inc. Files Patent Infringement Lawsuit against Bombardier Recreational Products
MINNEAPOLIS--(BUSINESS WIRE)-- Polaris Industries Inc. (PII) today announced it has filed a patent infringement lawsuit against Bombardier Recreational Products Inc. (BRP) in U.S. District Court. The lawsuit specifically details alleged infringements of patents by BRP that were issued to Polaris.
The company is not disclosing specific details of the lawsuit at this time, but the patents in question in this case relate to the suspension systems of trail performance and crossover snowmobiles, product categories in which both companies design, manufacture and sell products. Polaris alleges that BRP violated patents owned by Polaris, and knowingly continued to violate these patents after receiving written notice.
For more than 55 years, a key foundation of our culture and success at Polaris has been innovation, said Marlys Knutson, spokesperson for Polaris. We have a respectful relationship with BRP, but we always have and always will vigorously defend our intellectual property.
Polaris is a recognized leader in the powersports industry with annual 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol PII, and the Company is included in the S&P Mid-Cap 400 stock price index.
Information about the complete line of Polaris products, apparel and vehicles accessories are available from authorized Polaris dealers or anytime at www.polarisindustries.com.
Polaris Industries Inc.
Marlys Knutson, 763-542-0533
Source: Polaris Industries Inc.Copyright Business Wire 2012