Advanced Steel Recovery, FASTek, and Sierra
International Machinery have settled a patent infringement lawsuit
brought by FASTek against Sierra International Machinery in the
United States District Court for the Southern District of California
arising from Sierra International Machinery’s purchase and use
of the Steco Scrapper Container Loader.
As a part of the settlement, Sierra International Machinery acknowledges
that the Steco Scrapper Container Loader infringes FASTek and
Advanced Steel Recovery’s patents and that those patents are
valid and enforceable. Sierra International Machinery further
agrees to permanently cease using the Steco Scrapper Container
Sierra International Machinery will immediately begin using FASTek’s
patented container loading system in its own scrap operations,
and begin marketing FASTek’s patented container loading system
both domestically and internationally.
Frankel noted that FASTek continues to pursue its federal lawsuit
against Blue Tee Corp. and Steco for patent infringement related
to the same patents and fully expects to prevail in that action.
Advanced Steel Recovery and FASTek are committed to continuing
to aggressively protect and enforce their intellectual property