From surfertoday.com:
Diamond White and Bruno Legaignoux are pleased to announce that they have entered into an ongoing intellectual property licensing agreement with Best Kiteboarding, one of the leading brands.
The licensing agreement settles all intellectual property rights between the parties for inflatable kites and control systems, past and present.
Ian M. Huschle, CEO of Best, commented: “Bruno’s original work gave birth to kiteboarding and his ongoing innovations have made the sport one of the most exciting ever invented. We’re delighted to support his groundbreaking efforts and to do our part to make kiteboarding more fun, more accessible, and safer than ever before.”
With a retail network that includes 500 accounts in 50 countries around the world, Best Kiteboarding is the fastest growing brand in the industry.
Said Bruno: “It’s been interesting to watch the evolution of Best, and I’ve enjoyed getting to know them. They take their role in the industry seriously and they are committed to nurturing the true essence of the sport.”
Shortly after announcing that Best Kiteboarding had agreed to become a licensee of his patents, Bruno Legaignoux announced that he intended to withdraw from the kitesurfing scene.
“It was a fantastic adventure, to which I devoted 24 years of my life. It is time for me to move on to other things. I do not have an accurate idea of what I will do. I’m still interested in R&D, but not in the business side. I’ll maybe work on kite-boating. And I want to travel, sail, fly… One thing is for sure, I will not be bored!”
Consequently, Bruno wishes to sell his shares of Diamond White, the company which owns the Bow patents, as soon as these patents are delivered by the concerned Intellectual Property Offices, which will occur in the upcoming months.
Diamond White’s activities, which consist in collecting the royalties and fighting the counterfeiters, will continue operating as previously.
SOURCE: Diamond White