Aspen Aerogels (NYSE:ASPN) on Thursday said it had filed patent infringement actions against Beerenberg Services, Beerenberg Korea, their Singaporean supplier and their Chinese aerogel manufacturer for allegedly infringing on its aerogel products.
The company filed an action for patent infringement in the Seoul Central District Court and also an action for unfair trade practices in the Korea Trade Commission.
ASPN believes that Beerenberg's aerogel blanket product infringes several of its patents related to high performance reinforced aerogel compositions, the company said in a statement.
"Additionally, Aspen has alleged that Beerenberg is infringing the Korean counterparts of patents previously enforced successfully by Aspen against Chinese aerogel manufacturers in Germany and the United States," ASPN added.
The company said it was seeking injunctive relief and monetary damages against Beerenberg.
Aspen Aerogels (ASPN) stock earlier closed -1.4% at $5.65.