Modul-System starts licensing solution to Sortimo

Tevo Limited's parent company Modul-System will start to license their string-activated locking mechanism for drawers to Sortimo International Ausrüstungssysteme für Servicefahrzeuge GmbH. The parties have reached a settlement in relation to an application of summons that Modul-System filed last summer regarding infringement of one of the company’s utility model registrations. As from April 2013 the locking mechanism solution is patented. “Modul-System is the leader of product development in the industry. We are making significant investments in the improvement and development of our product range, and it is important for us to protect our assets. Nevertheless, we think that it is positive that we have reached a solution that is beneficial to both parties” says Thomas Johansson, Vice President of Modul-System.