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Industry News
Flow International Corp.

Flow International Corporation (Kent, Wash.), a manufacturer of industrial waterjet machines used for cutting composite components and structures, says the U.S. Federal Trade Commission (FTC) has accepted a consent decree with Flow, which will permit the merger of Flow and OMAX Corp. (Kent, Wash.), also a manufac

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Posted on: 7/23/2007
Source: Composites Technology

Flow International Corporation (Kent, Wash.), a manufacturer of industrial waterjet machines used for cutting composite components and structures, says the U.S. Federal Trade Commission (FTC) has accepted a consent decree with Flow, which will permit the merger of Flow and OMAX Corp. (Kent, Wash.), also a manufacturer of waterjet cutting equipment. The transaction is expected to close during Flow's second fiscal quarter, which ends Oct. 31 this year. The consent decree provides that Flow will make available to other abrasive waterjet companies royalty-free licenses to OMAX's U.S. Patents 5,508,596 and 5,892,345, which relate just to the controllers used in waterjet cutting systems. The licenses do not include any transfer of technology, will not cover other patented equipment or processes owned by Flow or OMAX, do not apply to any intellectual property outside of the U.S., and expire in five years.

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