Sanger Boats to license Malibu wakesurf patents

Author:
Publish date:
Sanger

Malibu Boats announced that it licensed its wakesurfing patent portfolio to California-based towboat builder Sanger Boats.

“I commend Sanger for reaching out to us and engaging the licensing discussion,” said Malibu Boats CEO Jack Springer in a statement.

“Almost every sterndrive company and five of the top six inboard companies are now licensed under Malibu’s portfolio of surf technology patents,” Springer said. “We are proud of our award-winning surf technology and will continue to defend that technology from unauthorized adopters.”

Related

‘We’ve been working our butts off’

With his boatbuilding pedigree, 28-year-old Philip Faulkner launched Avid Boats in just six months. The startup has a facility, financial backing, boats on the line and big plans going forward.