July 07, 2016
Husky has now abandoned its appeal of the judge’s decision released April 2016 and paid a cost settlement to the defendants – Robert Schad, Athena, Stephen Mason (former General Manager of Niigon), and SIPA. Further, Husky has agreed that it is barred from appealing the decision.
“I am glad that this stressful period is behind us, and we look forward to competing on a level playing field” said Robert Schad, President of Athena. “We can already see some considerable benefits of having an integrated team of Mechanical and Controls Engineers, Purchasing, IT, and Patents working out of the new facility. This – and Athena’s unique product line – is already attracting significant industry interest in the form of a growing number of customer visits.”
Athena currently builds 150, 300, and 450 metric ton injection molding machines. A new 155,000 square foot (14,400 m2) plant for just-in-time manufacturing of machines is ramping up operations. The existing 40,000 square foot (3,700 m2) building houses the head office including Sales and Customer Services.
The simple and flexible machine platform features energy efficiency, process repeatability, and reduced space requirements. It is built for customization with options such as a stack mold carrier, multi-material injection, rotary table, cube, and integrated robot and hot runner controller.