Schumacher News Release

Schumacher Electric Corporation


 


 


NEWS RELEASE


 

 

 

Contact:          Cory A. Watkins, Esq.

224-612-7212

 

FOR IMMEDIATE RELEASE:

 

Schumacher Settles Lawsuit with Vector; Customers Unaffected

 

 

Schumacher Electric announces the settlement of the patent infringement
lawsuit with Vector Products.  "It's business as usual for us," said Don
Schumacher, President and CEO of Schumacher Electric Corporation.
Notably, Schumacher Electric Corporation made no admission of liability
as a result of the settlement.  Likewise, the settlement precluded any
legal ruling on the patent's validity against Schumacher.  Accordingly,
Schumacher customers are unaffected by the litigation and may continue
selling all Schumacher high-frequency battery chargers.

                                           

For over 58 years, Schumacher Electric Corporation has been recognized
as the leader in battery charger technology.  Aside from settling the
Vector lawsuit favorably, Schumacher Electric Corporation also announces
the introduction of its patent-pending innovative SpeedCharge(tm)
battery charger with Engine Start plus Alternator Test capabilities.
This new innovative electronic SpeedCharge(tm) technology surpasses the
charging and engine starting capability of virtually any Vector High
Frequency charger on the market today.  

 

"We have new battery charger technology that surpasses our competition
in every way," says Don Schumacher.  "Our customers want reliable,
dependable, quality and innovative products at fair prices from an
established company that will be there to stand behind their products in
the future," Schumacher continued.  Along with its continued right to
market aggressively its High Frequency battery chargers and
patent-pending SpeedCharge(tm) battery chargers, Schumacher will also
continue to offer a wide range of other battery chargers, welders,
portable power, power inverters, 12 Volt accessories, battery testers,
and transformers. 

 

Schumacher Electric Corporation leadership in the battery charger market
extends beyond the U.S. to Canada and Mexico.  Schumacher Electric is a
totally vertically integrated company that owns and operates
manufacturing facilities in Mexico and China, and a 293,000 square foot
state of the art distribution center in Hoopeston, Illinois.  Corporate
headquarters in Mount Prospect, Illinois, houses Schumacher's sales,
marketing, accounting, customer service and engineering department.
Schumacher Electric Corporation's engineering department holds the
unique distinction of being an UNDERWRITER'S LABORATORIES CERTIFIED TEST
LAB, which ensures innovative, dependable and reliable quality products
for Schumacher's customers.  All of these strengths allow Schumacher
Electric to be the low-cost battery charger manufacturer, providing high
quality, high value products to its customers. 

 

Schumacher also offers a wide range of heavy-duty, high quality
professional products, which includes battery chargers, welders,
testers, and inverters for the professional consumer under its DSR
brand.  Don Schumacher Racing, located in Indianapolis, Indiana, is the
largest team in the NHRA POWERade Drag Racing Series, fielding nine NHRA
professional drag racing teams with sponsorship from the U.S. Army,
Matco Tools, Mopar, Oakley, Jeg's Mail Order, Dodge, Skull Gear/Torco
Race Fuels and Brut.  Don Schumacher Racing has accumulated two NHRA
POWERade Championships and numerous National Event wins.   

 

 Schumacher Electric provides product for more than 700 retail
customers, including such major corporations as Ace Hardware, Advance
Auto, Auto Zone, Blain Supply, Canadian Tire Corporation, Central
Purchasing, CSK Auto, John Deere, K-Mart, Matco Tools, Meijer, Menards,
Mid-States, Mills Fleet Farm, Orgill Brothers, Ozark, Pep Boy, Princess
Auto, Sam's Club, Sears, Tractor Supply Company, True Value Company,
Wal-Mart USA and Wal-Mart Canada.

 

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10/13/05