LORD Corporation, Active Shock, and General Kinetics Engineering Corporation Resolve Dispute

CARY, N.C., Aug. 23 /PRNewswire/ -- LORD Corporation -- a leader in vibration and motion control products and solutions for defense, aerospace and commercial markets -- filed suit in 2009 against Active Shock (acquired by General Kinetics Engineering Corporation) in the United States District Court for the Eastern District of North Carolina (civil action number 5:09-CV-00318).  

On August 19, 2010, LORD Corporation, Active Shock, and General Kinetics Engineering Corp. resolved their dispute amicably and out of court.  The terms of settlement are confidential.

About LORD

LORD MR technology is based on commercial proprietary and patented fluid, damper, mount, brake and clutch designs and sophisticated computer control algorithms. When exposed to a magnetic field, MR materials change state nearly instantaneously and with complete reversibility. As a result, MR technology provides fast and infinitely variable control of energy dissipation for industrial and automotive devices. As the only provider of commercial MR fluids with more than 110 MR fluid, device, and controller algorithm patents worldwide, LORD is the largest manufacturer of MR devices and systems.  For information about LORD MR applications, visit www.lord.com/mr.

Founded in 1924, LORD Corporation is a privately-held company that designs, manufactures and markets mechanical devices and electromechanical systems to control vibration, motion and noise; formulates, produces and sells general purpose and specialty adhesives, coatings and electronic materials; and develops products and systems utilizing magnetically responsive technologies. With headquarters in Cary, N.C., and sales in excess of $610MM, LORD has manufacturing in nine countries and offices in more than 15 major business centers.  LORD Corporation employs more than 2,400 worldwide. Visit www.lord.com for more information.

About GKE and Active Shock  

Since 1981, General Kinetics (www.kinetics.ca) has designed and manufactured a broad range of suspension system and damping components exclusively for military vehicles. GK products are found on most tactical and combat vehicles in the fleet. Active Shock, founded in 2001, has developed industry-leading semi-active damping technology with broad applications from construction and mining to military vehicles.

Contact:

John Heilmann, 919-468-5980, ext. 6297, [email protected]

Chuck Williamson, 905-458-0188, ext. 227, [email protected]

SOURCE LORD Corporation