Välinge Sets Up Fund To Protect 5Gs Licensees

Viken, Sweden, Feb. 25, 2010--Välinge said it has decided to offer all new licensees of its 5Gs technology protection against claims for license fees from other parties.

The installation technology uses a side push tongue on laminate and wood floorings. Several Välinge licensees have already decided to introduce 5Gs on a large scale.

Valinge said the technology is so different from other locking systems and patents that Välinge has decided establish a fund "with considerable assets" that could be used to finance legal actions and provide security for unjustified license claims from other parties.