July 25, 2018, Cummins Ltd. (Cummins Inc. NYSE: CMI) announced a settlement agreement with JM turbo technology company, which will stop the production and sale of Cummins patent infringement related products. User rights are protected. In the agreement, JM Turbo Technologies acknowledges that it illegally sells a variety of turbochargers that are protected by Cummins' patents and other intellectual property rights registered in several countries; JM Turbo Technology The company also acknowledges that Cummins' patents are currently valid and protected, and JM Turbo Technologies infringes these patents. The terms of the settlement agreement include JM Turbo Technologies agreeing to stop production, import, export, and sale of all infringing products. The settlement agreement also requires JM Turbo Technology to destroy all existing infringing inventory products. “In the continued innovation and drive customer success, Cummins will also go all out to protect our intellectual property,†said Shon Wright, Cummins Turbo Technologies Business General Manager. “Integrity is one of Cummins’ core values, we are customers. And the product is right, we are very proud of what we have done. At the same time, with the support of our global partners, Cummins will continue to check the local markets to ensure that the company's intellectual property rights are not infringed." As a technology leader, Cummins designs, manufactures and distributes diverse power solutions and provides service support. The company's products include diesel and natural gas engines, hybrid and electric power platforms and related technologies such as battery systems, fuel systems, control systems, air handling systems, filtration systems, emission treatment systems and power systems. Headquartered in Columbus, Indiana, USA, Cummins currently employs more than 58,600 people worldwide and provides products and service support to customers in more than 190 countries and regions through more than 600 distributors and more than 7,500 distributors worldwide. In 2017, the company's sales reached 20.4 billion US dollars, achieving a net profit of 1 billion US dollars. Ningbo Yinzhou Leisheng Machinery Co.,Ltd , https://www.thundermach.com
Cummins turbocharger
Reading volume: Source: Cummins China Author: Zebian