Malibu Boats reports litigation progress and reaches agreement with MB Sports

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Malibu Boats, LLC, the leading pioneer of modern wakesurfing technology, including the standard-setting Surf Gate system, reported that the Court entered a favorable claim construction ruling in Malibu's ongoing patent litigation against Skier's Choice. In that litigation, Malibu is asserting infringement by certain Skier's Choice Supra and Moomba branded boats.

Today, only days after the Court's ruling, Malibu announced that MB Sports, Inc. entered into a license agreement with Malibu that includes MB paying a one-time payment and future royalties to Malibu.

Malibu CEO Jack Springer said, "The boating industry continues to show respect for Malibu's innovations. Today, over twenty brands directly or indirectly license our IP, and in the towboat manufacturing segment, every significant towboat OEM now licenses Malibu's patents."

For more information visit www.malibuboats.com