Palmerston North, New Zealand
March 3, 2005
Asserts MaxQ®
technology patent rights
Defendants agree to terminate production and sales of ArkPlus
tall fescue.
AgResearch Limited and
Pennington Seed Inc.,
a subsidiary of
Central Garden and Pet Company (NASDAQ: CENT), announced in
the U.S. today a finalized agreement with three of four
defendant parties named in their patent lawsuit filed August 25,
2004 in federal court in the western district of Missouri, USA.
The three named defendants are Produce Exchange No. 299, Allied
Seed L.L.C., and FFR Cooperative.
The lawsuit asserted Pennington Seed and AgResearch’s patent
rights to the MaxQ®
technology.
As part of settlement, the three named defendant parties agreed
to terminate production, distribution and sales of ArkPlus tall
fescue and vowed never to sell other products that infringe on
the plaintiffs’ intellectual property rights.
MaxQ®
is a patented technology uniting a revolutionary non-toxic
endophyte with high quality pasture grass.
The technology enables landowners and livestock producers to
increase profits per acre through healthier and higher
weight-gain livestock.
MaxQ® eliminates fescue toxicosis, a sickness that can plague
cattle, horses and other fescue-grazing livestock.
The MaxQ® technology is backed by a 100% customer satisfaction
guarantee in the U.S.
Pennington Seed and AgResearch, the technology’s original
founder, have established an education program designed to fully
assist farmers who wish to implement the MaxQ® technology into
their fields.
This technology will be marketed in Australia and New Zealand
under the MaxP® brand.
Pennington Seed Inc. is a leading U.S.
manufacturer and distributor of lawn, garden, turf care, forage
grasses, wildlife and bird food products. Pennington Seed is the
largest packager of grass seed in the world. Based in Madison,
Georgia, Pennington Seed was founded in 1945 by Brooks
Pennington Sr. Pennington Seed is today owned by Central Garden
& Pet (NASDAQ: CENT).
AgResearch Limited is New Zealand’s outstanding
agricultural science and technology development company that
works in partnership with global agri-businesses and livestock
producers. |