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PETREDAT WITHDRAWS COMPLAINTS OF PATENT INFRINGEMENT AGAINST HALLIBURTON AND SPARTEK
HOUSTON - Halliburton Company, Spartek Systems, and Petroleum Reservoir Data, Inc. (Petredat) announced that they have settled a patent infringement suit brought by Petredat concerning downhole well data recorders. As part of that settlement, Petredat has agreed that Halliburton and Spartek committed no infringement of Petredat's patent rights or unlawful importation of a competing device. The settlement will allow each of the parties to continue their respective businesses and compete in the market.
Petredat filed a complaint in the International Trade Commission on January 3, 2000, alleging that Halliburton and Spartek infringed its U.S. Patent No. 5,1 30,705 by importing downhole well data recorders manufactured by Spartek. The data recorders are the type that fit in the side-pocket mandrel of wells and record data, such as temperature and pressure.
Both before and during the International Trade Commission investigation, Halliburton and Spartek vigorously denied any wrong-doing and strongly defended their actions. As the investigation proceeded and the parties exchanged information, Petredat agreed to withdraw all of its claims.
The parties have settled the suit on terms that grant to Halliburton and Spartek a world-wide, royalty-free license to make, use, sell, import, and offer for sale the data recorders that were the subject of the investigation. Petredat will also continue to make, use, sell, lease, and offer for sale these recorders.
Founded in 1919, Halliburton Company is the world's leading diversified energy services, engineering, construction, maintenance and energy equipment company. In 1999, Halliburton's consolidated revenues were $14.9 billion and it conducted business with a workforce of approximately 100,000 in more than 120 countries. The company's World Wide Web site can be accessed at http://www.halliburton.com.
Spartek Systems was formed in Alberta, Canada in 1994, as an engineering and manufacturing company, to offer downhole electronic equipment to the petroleum industry. Presently Spartek is offering a wide range of memory/surface readout pressure/temperature recorders to obtain reservoir data.
Founded in 1982, Petredat provides oil service technology, including a solid state data acquisition and storage system programmable for a variety of testing conditions.
Contact
Zelma Branch
Halliburton Company
(p) 713.676.7067
zelma.branch@halliburton.com
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