August 26, 2014
Tempe, Arizona — MarTek, Inc., a leading provider of automatic wafer probers, today announced that it has filed litigation against Form Factor, Inc. (NASDAQ: FORM) in the United States District Court for the Northern District of California.
MarTek, Inc.’s claims relate to an unresolved dispute arising out of an Intellectual Property License Agreement between the companies. MarTek, Inc.’s claims include Fraud in the Inducement – Concealment, Breach of Written Contract, and Breach of Implied Covenant of Good Faith. MarTek, Inc. is seeking damages of 19 million dollars. Trial date has been set for October 19, 2015.
MarTek, Inc. continues to provide automatic wafer probers, system upgrades, parts, and service to customers worldwide and has been a leading supplier of probers since 1995.
Update — August 17th, 2015 Litigation between Form Faction and MarTek has been settled.