According to Ministry of Commerce of PRC(MOFCOM) website, US Synthetic Corporation, filed a petition with ICT, saying that Haimingrun’s Polycrystalline Diamond Comapcts and Aritials Containing Same exported to, imported into, or sold in the US infringed on its patents according to Section 337 of the Tariff Act of 1930. US Synthetic Corporation requested the ITC to initiate a 377 investigation and issue limited exclusion order and injunction.
It will influence us and many of our domestic counterparts upon the initiation of investigation. Haimingrun, a National High-Tech Enterprise, has been doing business in US market for over a decade. We always respect intellectual property rights, not only protecting our own intellectual property rights, but also respecting the intellectual property rights of others. We believe that the complaint from US Synthetic Corporation contains no evidence. We will respond proactively and safeguard strongly our legitimate rights. To date, we have still not received any official legal instruments. According to initial judgement, above 337 investigation and litigation only against part of our products, which will not not substantively impact the production and operation of the enterprise.
Shenzhen Haimingrun Superhard Materials Co., Ltd.
Nov. 26th, 2020