Malibu Boats has licensed its wakesurfing patent portfolio to Wake Worx LLC. Terms were not disclosed, although Malibu said the licensing agreement includes a one-time lump sum payment and ongoing per unit royalty for Wake Worx sales.
Wake Worx supplies the Super SurfR Aftermarket Surf Tabs to marine manufacturers, mainly in the sterndrive segment.
"This means that almost every sterndrive company incorporating a surf wake enhancement device on their boats, and five of the top six inboard companies, are now licensed under Malibu's portfolio of surf technology patents," says Malibu Boats CEO Jack Springer in a statement.
Springer added that the company will continue to pursue boatbuilders that are using its technology. “We will continue to defend our industry-changing innovations until all unauthorised adopters are under license and have accounted for their prior infringing activities,” says Springer.