NEW YORK NanoSteel Co.
Inc. has filed a lawsuit against high-strength steel company
Green Nano Steel for alleged trademark infringement.
NanoSteel claims the company
wrongfully appropriated its trademark "NanoSteel" name and
photographs, and used the name in its website domain,
potentially misleading potential customers and harming
Providence, R.I.-based NanoSteels reputation.
"Its more about possible
damage to the companys good will that we cant
control. We dont know what the reputation of this company
is," NanoSteel legal counsel Teresa Tucker told AMM.
"Its more of an unquantifiable kind of damage."
NanoSteel asked Green Nano Steel
to relinquish the name last August, the lawsuit states.
Green Nano Steel maintained its
website until after the lawsuit was filed in February, when the
lawyer for defendant John Wong, the Redondo, Calif.-based
companys vice president of sales and marketing, advised
dropping the name, Wong told AMM.
Green Nano Steel is start-up
company that plans to contract mills in Taiwan to make
high-strength steel for sale to the U.S. building, mining, and
oil and gas sectors, he said.
The lawsuit was filed Feb. 13 in
U.S. District Court in central California, but Wong said that
he was unsure if it was ongoing.
"On Feb. 15, there was a verbal
agreement that theres not going to be any legal action as
long as we abide by the agreement that we dont use the
name Nano Steel," Wong said, noting that it has instead elected
to call itself GNS, which he said isnt necessarily an
acronym for Green Nano Steel.
Any similarity in the
companies names was coincidental, Wong said. "We
wouldnt want anyone to violate our IP (intellectual
property). Why would we want to violate anyone elses IP?"
Meanwhile, Tucker said that the
lawsuit hasnt been dropped because Wong hasnt
fulfilled all the terms of the agreement.
"We require something in
writing, generally. We went through the trouble of filing the
lawsuit after he ignored us for several months and he then made
some changes, Tucker said. "(But) we have other terms as well.
Were not accepting GNS as a substitute."
Wong hopes to settle out of
court this week, he said.
NanoSteel declined to