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.