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Cybex Confirms Actions to Defend Intellectual Property
Wednesday, April 21, 2010
Medway, MA -- Cybex International, Inc. (Nasdaq: CYBI), a leading manufacturer of premium exercise equipment, announced today that it has decisively responded to infringements of its intellectual property rights related to its patented Plate Loaded Leg Press and the company’s pending patent applications for the Bravo Functional Trainer.
CYBEX conducted investigations during the recent International Health, Racquet & Sportsclub Association (IHRSA) trade show in San Diego, CA, which uncovered four separate violations of its intellectual property. CYBEX immediately responded by demanding that the offending parties cease and desist from manufacturing, selling or importing into the US products which incorporate CYBEX intellectual property, and each party has agreed to comply with this demand.
“CYBEX devotes a tremendous amount of time, energy and resources to research and development,” says Ray Giannelli, CYBEX Senior Vice President, Research and Development. “This has resulted in dozens of patents for our industry-leading strength and cardio training equipment. Some of our competitors may be looking for short cuts and find it easier to copy than to innovate. We will always strive to protect the intellectual property we’ve worked so hard to create.”
About CYBEX
Cybex International, Inc. is a leading manufacturer of premium exercise equipment primarily for commercial use. The CYBEX product line, including a full range of strength and cardio training machines, is designed using exercise science to reflect the natural movement of the human body. Led by the Cybex Institute for Exercise Science, CYBEX fitness equipment is engineered to produce optimal results for users from the first-time exerciser to the professional athlete. Products are available for a wide range of facilities, from commercial health clubs to home gyms, and are sold in more than 85 countries worldwide. For more information on CYBEX and its product lines, visit the Company’s website at www.cybexintl.com.
This news release may contain forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made above. These include, but are not limited to, competitive factors, technological and product developments, market demand, economic conditions, the resolution of litigation involving the Company, and the ability of the Company to comply with the terms of its credit facilities. Further information on these and other factors which could affect the Company’s financial results can be found in the Company’s previously filed Report on Form 10-K for the year ended December 31, 2009, its Reports on Form 10-Q, its Current Reports on Form 8-K, and its proxy statement dated March 25, 2010.
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