Lucid Group, Inc and Gravity, Inc. Reach Agreement Regarding Trademark Dispute
Lucid Group (NASDAQ: LCID) has reached an agreement with Gravity, Inc. regarding the use of the 'Lucid Gravity' trademark. The deal allows Lucid to use the 'Lucid Gravity' brand without infringing on Gravity's pre-existing trademark, thereby avoiding a potential dispute. This agreement is seen as a positive step for both companies, with Lucid looking forward to launching its all-electric SUV, the Lucid Gravity, and Gravity emphasizing its role in supporting the industry's growth with high-speed EV charging equipment.
- Lucid Group can now use the 'Lucid Gravity' trademark, supporting its brand expansion.
- The agreement avoids costly legal disputes, preserving resources and focusing on growth.
- None.
The agreement allows for Lucid's use of the "Lucid Gravity" brand without impinging on Gravity's pre-existing trademark, avoiding a dispute between the two companies.
"We are pleased to have reached an agreement with Gravity, Inc.," said Matt Everitt, General Counsel at Lucid. "Anticipation is building for the Lucid Gravity and we look forward to delivering the world's most outstanding all-electric SUV."
"At Gravity, Inc., it's been our mission to fuel this industry's growth," said Moshe Cohen, CEO of Gravity, Inc. "When there is an opportunity to work together and collaborate across the sector, that's the path we will take. We are passionate about facilitating accessible, sustainable, electric transportation to American cities. We are pleased to settle this issue amicably with Lucid and will work together to ensure everyone in the industry understands the distinct value of our brands."
About Lucid Group
Lucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The flagship vehicle, Lucid Air, delivers best-in-class performance and efficiency starting at
* Excludes tax, title, license, options, destination and documentation fees. For U.S. market only.
About Gravity, Inc.
Gravity, Inc. engineers, manufactures and deploys Distributed Energy Access Points (DEAP) units that provide the fastest charging in America with the most flexible power sharing and zero dedicated space required. Gravity is a full Original Equipment Manufacturer of all hardware and software connecting vehicles to buildings and utilities, and operates a flagship charging center in the heart of Midtown Manhattan. Gravity is fueling America's clean energy future, converting electric vehicles into energy assets.
Investor Relations Contact
investor@lucidmotors.com
Media Contact
media@lucidmotors.com
media@gravitymobility.com
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lucid-group-inc-and-gravity-inc-reach-agreement-regarding-trademark-dispute-302186041.html
SOURCE Lucid Group
FAQ
What is the recent agreement between Lucid Group and Gravity about?
How does the agreement affect Lucid's use of the 'Lucid Gravity' trademark?
What is the significance of the 'Lucid Gravity' trademark for Lucid Group?
When was the agreement between Lucid Group and Gravity announced?
What is the stock symbol for Lucid Group?
