January 3rd, 2019
XTech Tactical, an innovative firearms accessory manufacture based in Mesa, AZ announces the company has reached terms with Tango Down on a licensing deal. Here is the background of the licensed technology:
Around 2002, Tango Down released its AR/M4 ARC Magazine which featured a waffle pattern on its side walls and tread patterns on its front and rear. There were never any patents related to the features. That product continues to be sold today, and it is one of the strongest magazines available for the AR/M4 platform.
Around 2008, Tango Down designed and developed an AK magazine using the same waffle and tread features present on its ARC magazine. Due to the erroneous claims made by Century Arms against XTech Tactical in their common law trade dress lawsuit, XTech Tactical is announcing that it has licensed the rights to all IP related to the AK magazine formally known as the US palm AK30, from Tango Down. Tango Down designed the magazine and has never sold the design to any party including US Palm.
XTech Tactical does not require these rights or any rights from an outside party for its MAG47. “Tango Down has been a strong ally to our company, and we are very thankful for their cooperation during this time!” stated Jeremy Deadman, XTech Tactical’s Director of Sales and Marketing.
Century Arms has stated it acquired US Palm in March of 2018 after signing a terms sheet with US Palm’s owners in January of 2018. Century Arms previously had filed trademark applications on the US Palm name and logo in August of 2017. In September of 2018, Century Arms filed and announced its first lawsuit against XTech Tactical, which was voluntarily dismissed by Century Arms.
Surprising to XTech Tactical, Century Arms then refiled in Arizona adding an AK Grip for which XTech Tactical is solely one of several dealers. Century Arms also added one of XTech Tactical’s owners as a defendant. This second suit is still active in Arizona.
XTech Tactical will be releasing several new products leading up to and at SHOT Show 2019 at its booth #4169. “We are believers in a free market that welcomes innovation and encourages fair competition. We will stay true to our core mission of listening to our customers, offering great customer service, and bringing innovation to the market. We could not be more excited for this year’s SHOT Show!” stated Deadman.
For more information on what the market has widely accepted as the best US Made AK Magazine please visit https://www.xtechtactical.com/product/mag47-30-round-ak-magazine/
For media, dealer, and wholesale inquiries please email email@example.com