Nike has sued New Balance and Skechers for patent infringement over its Flyknit sneaker technology. Nike alleges that New Balance and Skechers have copied its Flyknit technology in their own sneakers, without permission.
Flyknit is a lightweight, breathable, and supportive material that Nike uses to make the uppers of its sneakers.
It is made from a single thread that is knitted into a seamless upper. Nike claims that Flyknit technology is unique and that it gives its sneakers a competitive advantage.
New Balance and Skechers have denied the allegations of patent infringement. They argue that their sneakers do not infringe on Nike’s patents and that they use their own proprietary technologies.
The case is still ongoing, and it is unclear how it will be resolved. However, if Nike is successful, it could have a significant impact on the sneaker industry. Nike could win a large financial award, and it could also force New Balance and Skechers to stop selling their sneakers that use Flyknit-like technology.
The case also raises important questions about intellectual property rights in the sneaker industry. Nike has a number of patents on its sneaker technologies, and it uses these patents to protect its competitive advantage.
However, New Balance and Skechers argue that Nike’s patents are too broad and that they stifle innovation in the industry.
It will be interesting to see how the case is resolved and what impact it has on the sneaker industry.