US Floors Enters into Sub-Liscensing Agreements for Coretec

Hannover, DE, January 18, 2016—Following swiftly upon the issuance of US Floors’ third Coretec patent, US Floors has entered into sub-licensing arrangements with both Unilin's Flooring Technologies and Välinge, granting each the worldwide right to sub-license US Floors’ Coretec patents to their respective licensees.

“Having the two most important intellectual property licensing companies in the flooring industry validate the strength and importance of our Coretec WPC technology by entering into these arrangements, is a significant achievement for US Floors” said Piet Dossche, CEO and president. “These licensing partners will help us shepherd and grow the new category of waterproof luxury vinyl flooring products that we have created while avoiding the chaotic and unproductive battles that prior innovative leaps in the flooring field have spawned.”