VeloClub is CyclingTips’ membership program which brings us closer to our members, and connects likeminded cycling enthusiasts.
by Shane Stokes
April 21, 2018
Pinot, Padun triumph at Tour of the Alps; Tonelli lands first pro win on stage 4 of Tour of Croatia; Case closed: Lance Armstrong settles federal lawsuit for $5M; Future great? Haig impressing in spring Classics as Giro debut beckons; POC and MIPS reach settlement over helmet safety technology; Video: Alaphilippe learns he won Flèche Wallonne; Video: Phil Gaimon’s Disc Breaks – Rock Store Take 2!; Video: One wheel on the Poggio
Back in November 2017, MIPS won a German-based Ex parte preliminary injunction against POC’s SPIN technology (such as that used in the new Ventral helmet). Following POC’s opposition, the injunction was withdrawn on 16th March 2018, with POC then filing a counter claim against MIPS.
Both companies have now released statements stating that they have reached a settlement. Terms of the settlement have not been disclosed. However, it is known that POC will continue to use its SPIN product and naming.
A release from MIPS states, “MIPS and POC have today agreed on a settlement with respect to the ongoing legal proceedings. The settlement agreement does not include any obligation for any party to reimburse the other party for the costs incurred in relation to the legal proceedings. The companies intend to jointly develop safer helmets combining POC and MIPS’ strengths in technological innovation, style and quality. The cooperation is estimated to have a limited impact on the 2018 net sales of MIPS.”