BLOOMINGTON, Minn.--(BUSINESS WIRE)--Jul. 28, 2009--
The Toro Company (NYSE: TTC) announced today that it has agreed to
settle all of its outstanding litigation with Advanced Sensor
Technology, Inc. The parties’ patent infringement, trade secret, false
advertising and other claims and counter-claims were resolved without
any admission of liability or wrongdoing, nor any licensing arrangement,
by either party. No other terms of the confidential settlement were
released.
Both companies will continue to compete in the field of soil sensing
with their respective technologies, Toro’s Turf Guard®
product and AST’s UgMO™ product, and they’ve agreed not to disparage one
another’s product. Both companies agree that customers will see
substantial benefits from measuring soil moisture, salinity and
temperature to create healthier turf and manage their water usage with
greater precision.
While Toro believes that its Turf Guard® product never
infringed a patent that AST licensed, Philip Burkart, Toro’s Vice
President, Irrigation businesses, said that Toro nevertheless agreed to
make a modification to the Turf Guard® source code in order
to address AST’s concerns and resolve the dispute. The modification does
not impact Turf Guard®’s performance or functionality.
“We’ve long said that we respect the valid intellectual property rights
of others,” said Burkart. “The litigation cast a cloud over wireless
soil sensing technology in our industry, so we’re happy the issues are
resolved and that our customers can continue to purchase the Turf Guard®
system with complete confidence.”
About The Toro Company
The Toro Company (NYSE: TTC) is a
leading worldwide provider of turf and landscape maintenance equipment,
and precision irrigation systems. With sales of nearly $1.9 billion in
fiscal 2008, Toro’s global presence extends to more than 140 countries
through its reputation of world-class service, innovation and turf
expertise. Since 1914, the company has built a tradition of excellence
around a number of strong brands to help customers care for golf
courses, sports fields, public green spaces, commercial and residential
properties, and agricultural fields. More information is available at www.toro.com.
Source: The Toro Company
The Toro Company
Investor Relations:
John
Wright, 952-887-8865
Director, Investor Relations
invest@toro.com
or
Media
Relations
Branden Happel, 952-887-8930
Manager, Public
Relations
pr@toro.com
www.thetorocompany.com