Red Spider Technology - Headlines

News Items...

Business As Usual For Red Spider

disappointed... but greatly encouraged by the show of support received

Supply of Injection Valves Not Affected by Patent Ruling.

Following an action that Red Spider raised against Omega Completion Technology Limited (Omega) in 2008, the High Court has ruled that Omega did not infringe either Red Spider’s patent or its design rights in relation to its down-hole water injection valve products. Omega's counterclaim to revoke the patent was allowed.

Chairman of Red Spider, Mike Salter said, ‘We are all extremely disappointed by the ruling and don’t believe Red Spider got the result it truly deserved. Red Spider invests heavily in patents and protecting its IP as best it can. Our design philosophy is to invent pioneering technology and competently apply it. If we do not protect this collateral we would affectively be handing it over on a plate for any other company to copy. Court action is a last resort and is entered into with considerable reluctance but we would absolutely do the same again where necessary. We respect the judicial system although we feel let down in this instance and are considering an appeal. Since openly informing clients of the court ruling Red Spider has been greatly encouraged by the show of support received.”

Meantime it is business as usual for Red Spider and the availability of their injection valves is unaffected by the court case. Mike affirms, ‘This is one of the company’s first products and is used extensively by many of our clients. The performance, track record and popularity of our injection valve speaks for itself.’

February 2010