NewswireToday - /newswire/ -
Kearney, NE, United States, 2015/07/28 - The Buckle, Inc., (Buckle) announced today that the company has reached a settlement and license agreement with RevoLaze, LLC, a laser technology firm headquartered in Westlake, OH. NYSE: BKE
The settlement and license agreement comes in response to a patent infringement lawsuit filed with the International Trade Commission August 18, 2014 and Cleveland U.S. District Court on August 15, 2014. Buckle now has a non-exclusive, world-wide license to use all of RevoLaze’s laser abrasion technology patents for denim garments.
In an issued statement, Kyle L. Hanson, Vice President, General Counsel, and Corporate Secretary commented,“We are happy to have concluded our ongoing litigation with RevoLaze, including the ITC case and the accompanying District Court lawsuit, in connection with this license and settlement.”
RevoLaze CEO Darryl Costin, PhD. was pleased as well by the agreement. “We are very excited to partner with The Buckle, a world-class denim retailer and look forward to partnering together to help them realize cost, quality, throughput and environmental advantages with our technology,” says Costin.
An added benefit to the new partnership is the RevoLaze design and training center at their Research & Development facility in Cleveland, OH. The R&D facility houses the 2500W LaserSharp DenimHD Abrasion System, the highest speed, highest powered laser abrasion system on the planet.
About RevoLaze, LLC
Through a combination of unique digital software, and specifically designed material delivery systems, RevoLaze LLC creates the technology to achieve the highest speed, highest power galvo driven laser machines on the planet. With over 20 years of experience, and 31 patents granted worldwide, RevoLaze offers its licensees unprecedented cost reduction, throughput enhancement and design flexibility. To learn more about RevoLaze, visit the Company's website.
About The Buckle, Inc.
Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle (buckle.com) caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 464 retail stores in 44 states.