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 (EMAILWIRE.COM, October 07, 2011 ) Shelbyville, TN -- Manuli Stretch USA, Inc. is pleased to announce that a non exclusive license agreement has been signed with Paragon Films Inc. pertaining to U.S. Patent No. 6,265,055 (“the ‘055 patent”), which claims a stretch film having seven or more layers. The financial structure of the agreement consists of a one-time payment payable by Paragon Films. The specific terms of the agreement are confidential.
“We are pleased with the outcome of this agreement which clearly demonstrates how industry leaders can reach commercially reasonable solutions addressing intellectual property.” said Massimo Moroni, CEO of Manuli. “This license agreement demonstrates the strength and validity of the ’055 Patent' and enables us to focus on further licensing opportunities.”
Mike Baab, founder and C.E.O. of Paragon Films stated: “This agreement, which gives Paragon access to important technology, demonstrates our ongoing commitment to be the best thin gauge stretch film producer in the industry”.
About Manuli
Manuli Stretch, an Italian Group controlled by the entrepreneur Sandro Manuli through the family holding, Realmargi, was the first European company to produce stretch film (in polyethylene, 100% recyclable). It is now the sectorÂ’s world leader in both production volumes and product quality.
Manuli Stretch Group, with headquarters in Milan, operates seven fully automated computerized plants in Italy, Germany, the UK, USA, Argentina and Brazil with an annual nominal production capacity of 270,000 tons.
See ManuliÂ’s website at: http://www.manulistretch.com
Contact Information:
Manuli Stretch USA Inc.
Dan Maiorino
Tel: 931.684.1926
dan.maiorino@manulistretchusa.com
Manuli Stretch USA Inc.
Dan Maiorino
281-645-4086
dan.maiorino@manulistretchusa.com 
Source: EmailWire.com
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