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Ann: Hipo to Earn-In to Advanced Battery Technology Business, page-21

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    CTC’s Action Against Patent Infringement
    On the 9th of November 2017, nearly ten years after filing a patent infringement lawsuit against Mercury Cable and Energy, the defendant admitted in a stipulated judgment that they had infringed on CTC’s patents and acknowledged the validity of the CTC patent portfolio. The issue started in 2006, when a few individuals and former consultants who are known today as Mercury Cable and Energy, took proprietary information from CTC and soon thereafter launched a campaign claiming they had valid patents and that CTC’s patents were invalid. Furthermore, they launched a vicious media campaign to discredit the company and Wilcoxon as its founder, including the filing of a shareholder derivative lawsuit which was thrown out after it was determined that Mercury management had paid someone to file the lawsuit with zero basis or merit. When that effort to destroy failed they launched a website, from outside the USA, known as ‘firebentonwilcoxon.com’ citing various actions filed against the company and Wilcoxon, all of which were dismissed in court as having no basis. The patent infringement lawsuit filed by CTC continued, complicated by the fact that the worldwide 2008 economic crisis caused the collapse of most of the orders for CTC’s advanced wind turbine technology, since its customers and wind farm operators all relied upon the Lehman Brothers tax equity financing which had suddenly collapsed. In a suspiciously sudden move after communicating with Mercury, a lender to CTC suddenly served a loan default notice due to a minor loan covenant violation, which forced CTC to file for Chapter 11. The CTC cable business now continues as a private company, CTC Global, with sales and cable installations around the world.
 
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