Malibu Boats signs licensing deal with Wake Worx

Publish date:

Malibu Boats is licensing its wakesurfing patent portfolio to Wake Worx LLC, a company that supplies Super Surf’R aftermarket surf tabs to boat manufacturers, primarily in the sterndrive market.

“This means that almost every sterndrive company incorporating a surf wake enhancement device on their boats, and five of the six inboard companies, are now licensed under Malibu’s portfolio of surf technology patents,” Malibu Boats CEO Jack Springer said in a statement.

“We invested many hours and millions of dollars developing our surf technology and we will continue to defend our industry-changing innovations until all unauthorized adopters are under license and have accounted for their prior infringing activities.”

Among inboard-powered tow sports boat companies, Tige and MasterCraft license Malibu’s wakesurf portfolio. Chaparral Boats licenses the technology for its sterndrive-powered boats.

The license agreement with Wake Worx includes a one-time lump sum payment and an ongoing per-unit royalty on Wake Worx sales.


NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.