Georgia-Pacific Wood Products Enters License and Settlement Agreement with Huber Engineered Woods to Resolve ForceField® System Litigation
GP to pay undisclosed upfront amount and ongoing royalties for new sales of ForceField® System products; ends lawsuit between GP and Huber
ATLANTA, March 2, 2017 /PRNewswire/ -- Georgia-Pacific Wood Products LLC (GP) today announced that it has signed a patent license agreement with Huber Engineered Woods LLC (HEW) to settle litigation related to GP's ForceField® System products. HEW, the maker of ZIP System® branded products, has a portfolio of patents and related pending applications for a structural roof and wall system incorporating water resistant and air barrier technologies that streamline the weatherization process. These technologies provide an advantaged means to weatherize a home.
The confidential settlement terms grant to GP a license to offer its ForceField® System products with the payment of an undisclosed upfront amount and ongoing royalties. "Our license with Huber provides GP with the flexibility to meet our customers' needs for products that install more quickly than house wrap," said Clarence Young, vice president, oriented strand board (OSB), Georgia-Pacific Wood Products. "We are pleased to bring closure to the lawsuit with Huber so that we can continue to serve our customers with innovative products that solve real challenges in the building community," added Young.
For additional information regarding the ForceField® System, visit www.gpforcefield.com.
About Georgia-Pacific
Headquartered at Atlanta, Georgia-Pacific is one of the world's leading manufacturers and marketers of building products, bath tissue, paper towels and napkins, tableware, paper-based packaging, office papers, cellulose, specialty fibers, nonwoven fabrics, and related chemicals. The company employs more than 35,000 people at approximately 200 locations worldwide.
SOURCE Georgia-Pacific
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