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Boart Longyear Trademark Lawsuit Settled With Hayden Diamond Bit Industries

Boart Longyear ( • ASX: BLY), the world’s leading integrated drilling products and services provider, announces that it has settled a trademark infringement lawsuit with Hayden Diamond Bit Industries asserting infringement of its Q and RQ trademarks. As part of the settlement, Hayden has consented to stop using Boart Longyear’s Q and RQ marks in connection with its earth drilling goods and services.

As the industry’s leading innovator in exploration drilling, Boart Longyear highly values intellectual property rights. The company is very active in filing for patents and trademarks in various countries around the world. In the last five years, Boart Longyear filed 537 patent applications and has been awarded over 160 issued patents. Likewise, Boart Longyear is the owner of registrations and rights for its trademarks throughout the world. The company vigorously defends and enforces its intellectual property.

About Boart Longyear
Boart Longyear is the world’s largest mineral exploration drilling company. With over 120 years of expertise, the company provides both drilling services and complementary drilling products for the global mineral exploration industry. It also has a substantial drilling and products presence in mine de-watering, environmental sampling, energy, and oil sands exploration.

Boart Longyear is headquartered in Salt Lake City, Utah, USA and is listed on the Australian Securities Exchange (ASX) in Sydney, Australia. Sales in 2011 were over US$2.0 billion and the company employs over 10,000 employees worldwide. Contract drilling services are conducted in over 40 countries, and exploration products are manufactured in seven global factories and sold to customers in over 100 countries.

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