By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Cannabis NewsCannabis News
  • Cannabis
  • CBD
  • Science
  • Culture & Arts
  • Cannabis Press Releases
  • More
    • About Maryjanes Post
    • Cannabis Advertising
    • Cannabis Partnerships
Reading: ExtractionTek Stainless Files IPRs Against Gene Pool Technologies to Protect Clients
Share
Aa
Aa
Cannabis NewsCannabis News
Search
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • Topics
    • Business
    • Cannabis
    • Cannabis Tech
    • Culture & Arts
    • Industry Leaders
    • Cannabis Press Releases
  • About Maryjanes Post
    • Ambassador
    • Cannabis Partnerships
Follow US
  • Ad Choices
  • RSS Terms of Service
© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.
Cannabis News > Cannabis Press Releases > ExtractionTek Stainless Files IPRs Against Gene Pool Technologies to Protect Clients
Cannabis Press Releases

ExtractionTek Stainless Files IPRs Against Gene Pool Technologies to Protect Clients

Business Wire
Last updated: 2022/09/08 at 10:56 PM
Business Wire Published September 8, 2022
Share
SHARE

Case could determine how cannabis manufacturing industry handles ‘patent trolls’ and impact closed-loop cannabis extraction equipment across U.S.

DENVER–(BUSINESS WIRE)–ExtractionTek Stainless (ETS), the first cannabis extraction manufacturer to use only domestic steel in its closed-loop machinery, announces the institution of one of three inter partes review (IPRs) petition filings with the Patent Trial and Appeal Board (PTAB) at the United States Patent and Trademark Office. Institution is based on a reasonable likelihood that at least one of the claims challenged in the IPR petition is unpatentable. The institution of the first IPR starts a one-year clock for the PTAB to evaluate the claims in the patent in question and either confirm their validity or invalidate the claims and possibly the entire patent.

ETSLogo 2 Cannabis Media & PR

ETS filed the IPRs to sell their closed-loop extraction equipment to customers without fear of so-called “patent troll” retribution. Halo Collective Inc., an ETS client, has already had its subsidiaries Coastal Harvest, LLC, and ANM, Inc. subjected to a patent infringement lawsuit from Gene Pool Technologies filed August 2021. While ETS itself is not the subject of an infringement lawsuit, it moves to invalidate these three patents in order to protect the industry at large and to ensure its customers, and anyone buying or selling closed-loop equipment, are free from patent litigation.

“We ourselves are not being sued,” explains ETS founder and CEO Matthew Ellis. “But we can only imagine how many smaller companies are subject to these kinds of threats. Our client Halo has been challenged with two suits, and we felt we needed to wade into this situation in order to stop capricious and cynical actions like this from becoming the norm. We’re alarmed to learn of a Santa Clara University study finding that 61% of patent lawsuits are brought by such patent assertion entities as Gene Pool; that number was only 16% in 2006. Someone has to stand up to them, and this time that someone is us.”

ETS so far has spent over $250,000 defending Gene Pool’s litigation. The first IPR has been instituted and ETS expects the other two IPRs will be instituted as well.

“Patent assertion entities frame their aggression as an opportunity to do business with them, effectively suggesting that you can license patents if you give them their shakedown money,” says Ellis. “We can’t let that happen.”

About ExtractionTek Stainless:

ExtractionTek Stainless takes cannabis and hemp companies further as a stainless-steel extraction equipment and processes innovator since 2011. A commitment to safety, quality, and scalability is at the foundation of ExtractionTek’s work in compliant high-volume extraction, and the team’s wide-reaching experience in the food, pharmaceutical and cryogenic industries translates to an elite level of skilled technical support. ExtractionTek provides the fastest lead times in the industry accompanied by certified, comprehensive training services for clients to ensure optimal efficiency and safety. All ExtractionTek products are manufactured in Colorado with steel produced in the U.S. Learn more at Extractiontek.com.

Contacts

Gretchen Giles

Grasslands: A Journalism-Minded Agency

gretchen@mygrasslands.com
707-570-7887

You Might Also Like

 Flower One Obtains Meeting Order Under the Companies’ Creditors Arrangement Act (Canada)

United States Alternative Adult Beverages Market Report 2022: The Burgeoning Adult Beverage Segment Expanding the Adult Beverage Horizon – ResearchAndMarkets.com

Global Cannabidiol Market Report 2022: Growing Acceptance and Use of Products Due to Government Approvals Drives Sector – ResearchAndMarkets.com

Organigram Launches HOLY MOUNTAIN to Further Support Its Strong Position in the Dried Flower and Hash Categories

Leafly to Participate at Upcoming Investor Conferences

TAGGED: Business Wire
Business Wire September 8, 2022
Share this Article
Twitter Reddit Email Copy Link
Previous Article WM Technology, Inc. Announces Participation at Benzinga Cannabis Capital, and Piper Sandler Growth Frontiers Conferences
Next Article Anebulo Pharmaceuticals Reports Fourth Quarter and Fiscal Year 2022 Financial Results and Highlights Recent Business Progress

Cannabis News and More

Work with an experienced cannabis media firm to provide your brand with the exposure it needs.

Cannabis Topics

  • Cannabis
  • Business
  • CBD
  • Cannabis Science
  • Culture & Arts

Company

  • About Maryjanes Post
  • Contact Cannabis Media
  • Contributor Guidelines

Terms of Use

  • TERMS
  • PRIVACY
  • CONTRIBUTOR AGREEMENT
  • DMCA

Resources

  • Write For UsNew
  • Media KitNew
  • Cannabis Advertising
  • Cannabis Partnerships
  • Cannabis Press ReleaseNew
Cannabis NewsCannabis News
Follow US

© 2018 - 2022 MaryJanes Post Media. All Rights Reserved.

  • Ad Choices
  • RSS Terms of Service
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?