Malibu Boats and Go Surf Assist settle patent litigation

• Malibu Boats (NASDAQ:MBUU) announces that it has settled the patent infringement case against Go Surf Assist, before the U.S. District Court for the Western District of Texas.
• For settlement, Go Surf Assist will make a one-time payment to the company and will enter into a license agreement for the payment of future royalties for surf systems sold by Go Surf Assist using the licensed technology.