PING Golf Announces Trademark Agreement With Apple
PHOENIX, Sept. 1 /PRNewswire/ -- PING and its parent company, Karsten Manufacturing Corporation, announced today that they have entered into an agreement with Apple under which Apple will use the PING trademark in connection with Apple's innovative new social music discovery feature in iTunes. Apple introduced the iTunes PING feature today.
Founded in 1959, PING is a famous premium brand that holds more than 1000 trademark registrations around the world, many related to golf equipment. The company also owns trademark rights in PING for social networking and other online services.
This announcement involves two companies that were founded by visionaries who created products that greatly impacted their industries. Karsten Solheim invented the PING® putter in his Redwood City, California garage and went on to revolutionize the golf equipment industry. The groundbreaking first Apple® computer was developed in nearby Palo Alto in 1976.
"We are pleased to enter into this agreement with Apple," said John Solheim, Chairman and CEO of Karsten Manufacturing Corporation and PING. "Like PING, Apple carries a reputation for innovation and quality. I have always had great respect for companies that have changed and improved the ways things are done and I continue to model PING along those lines. Apple is a truly great example of this kind of enterprise."
PING designs, manufactures and markets a complete line of golf equipment including metal woods, irons, putters and golf bags. The family-owned company was founded in 1959 in the garage of the late Karsten Solheim, a mechanical engineer with an extensive background in the aerospace and computer industries. His frustration with his putting inspired him to design his own putter, which created a "pinging" sound when striking a golf ball. This sound was the source of the name now synonymous with innovation, quality and service throughout the world of golf. Solheim and his company are credited with numerous innovations that became industry standards, including perimeter weighting, custom fitting and the use of investment casting in the manufacturing of golf clubs. His insistence on adhering to strict engineering principles and tight manufacturing tolerances raised the level of product performance and quality throughout the golf industry. Solheim is the only person to be inducted into the World Golf Hall of Fame as a golf club manufacturer. Today, the Phoenix-based company is under the direction of Solheim's youngest son, John A. Solheim. PING game-improvement products can be found in more than 70 countries. For more information, visit www.ping.com.
PING is a registered trademark of Karsten Manufacturing Corporation. Other trademarks mentioned are properties of their respective owners.
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