The Patent Trial & Appeal Board of the USPTO Rules in Favor of Continuous Composites on Six IPR Petitions Filed by Markforged

Rhea-AI Summary

The Patent Trial & Appeal Board (PTAB) has ruled in favor of Continuous Composites, denying six petitions for Inter Partes Review (IPR) filed by Markforged (NYSE: MKFG). This decision is part of an ongoing patent infringement lawsuit initiated by Continuous Composites against Markforged in July 2021, asserting infringement of five foundational patents. The PTAB's ruling is notable as the institution rate for post-grant petitions is typically around 66%, making the likelihood of six denials statistically less than 0.1%. Continuous Composites has also added two new foundational patents recently.

Positive

• PTAB denied six IPR petitions from Markforged, strengthening Continuous Composites' patent position.
• Less than 0.1% statistical likelihood of achieving six IPR denials, indicating a strong case.
• Continuous Composites has expanded its patent portfolio with two new foundational patents.

Negative

• None.

COEUR D’ALENE, Idaho--(BUSINESS WIRE)-- The Patent Trial & Appeal Board (PTAB) of the U.S. Patent and Trademark Office (USPTO) has recently ruled in favor of Continuous Composites Inc., an innovator in the 3D printing industry, by denying six petitions filed by Markforged (NYSE: MKFG) for Inter Partes Review (IPR) challenging the validity of claims of Continuous Composites’ foundational patents involved in the company's ongoing patent infringement lawsuit.

Continuous Composites filed a lawsuit against Markforged in July of 2021, asserting infringement of five of its foundational patents. In 2022, Markforged responded with seven petitions for IPR (Case Nos. IPR2022-00548, IPR2022-00652, IPR2022-00679, IPR2022-00732, IPR2022-01218, IPR2022-01220 and IPR2022-01413), requesting cancelation of Continuous Composites’ asserted patent claims in the patents. In six of the cases, the PTAB ruled in favor of Continuous Composites by denying institution of the IPRs.

These are exceptional results, considering the PTAB institution rate for post grant petitions in FY 2022 was 66% (FY 2023 YTD institution rate is 70%). Statistically speaking, the likelihood of achieving 6 denials is less than 0.1%.

The denials build on Continuous Composites’ earlier successes in the lawsuit. Markforged initially filed a motion to dismiss Continuous Composites’ claims. A hearing was held on February 11th, 2022, and the judge denied Markforged’s motion.

Continuous Composites continues to expand its portfolio, including the foundational family of patents. This is evidenced by the recent granting of two additional foundational patents and an allowance on another foundational application, all of which have a 2012 priority date.

We believe the inventions protected by Continuous Composites’ infringed patents are critical to the functionality of Markforged’s continuous fiber printers (e.g., the Mark Two, Onyx Pro, X5, X7, and FX20).

In this matter, Continuous Composites is dually represented by Lee & Hayes P.C. and Orrick, Herrington & Sutcliffe LLP. All inquiries regarding this matter should be directed to legal counsel.

About Continuous Composites Inc.

Continuous Composites Inc., headquartered in Coeur d'Alene, Idaho, is disrupting manufacturing with its patented composites printing technology (Continuous Fiber 3D Printing - CF3D®). Founded in 2012, the company leads the 3D printing industry with the earliest and most comprehensive patent portfolio owning 100 U.S. Patents and 41 international patents. The CF3D® technology leverages advantages of continuous fiber composite materials and the 3D printing process to fabricate high-strength, light-weight parts on demand. CF3D® significantly reduces cost, lead times, labor, and other traditional constraints found in manufacturing while enabling design freedom.

To learn more, visit www.continuouscomposites.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230210005064/en/

Legal Inquiries:

William B. Dyer III

Lee & Hayes

Partner / Patent Attorney

bill.dyer@leehayes.com

Business Inquiries:

Tyler Alvarado

Continuous Composites

CEO

tyler@continuouscomposites.com

Source: Continuous Composites Inc.

FAQ

What was the recent ruling by the PTAB regarding Markforged (MKFG)?

The PTAB denied six IPR petitions filed by Markforged, ruling in favor of Continuous Composites.

When did Continuous Composites file the patent infringement lawsuit against Markforged?

Continuous Composites filed the lawsuit against Markforged in July 2021.

What are the implications of the PTAB's ruling for Markforged (MKFG)?

The ruling may weaken Markforged's position in the ongoing patent infringement lawsuit.

How rare is it to see six IPR petitions denied by the PTAB?

The statistical likelihood of achieving six denials is less than 0.1%, indicating a strong ruling for Continuous Composites.

How has Continuous Composites expanded its patent portfolio recently?

They have recently granted two additional foundational patents, enhancing their patent protection.