NEW YORK NanoSteel Co.
Inc. has settled its trademark infringement lawsuit against
VirinaSteel, formerly known as Green Nano Steel, as VirinaSteel
prepares to sell high-strength steel products in the United
Providence, R.I.-based NanoSteel
alleged in the suit filed in U.S. District Court in California
that Redondo Beach, Calif.-based VirinaSteel wrongfully
appropriated its trademarked "NanoSteel" name and photographs
and used the name on its website, potentially misleading
potential customers and harming NanoSteels reputation (
amm.com, March 1).
NanoSteel voluntarily dismissed
the lawsuit after Green Nano Steel adopted its new name and
redesigned its website.
"We stopped using
NanoSteel. It wasnt that important to us,"
VirinaSteel engineer John Wong told AMM. "We accept
the spirit of what our steel isits green, its
nano, but we dont use the word."
VirinaSteel plans to produce
steel on a contract basis with U.S. mills using its own
formula, Wong said. "We put our ingredients into the ladle
while the steel is being made for us, so it comes out of the
steel mill in slabs, in billets and in blooms to our
specifications. Then we have the mill finish it or we take it
to a third party. (The final product) could be in coil, plate,
Wong said VirinaSteel is
currently selling steel in Taiwan and hopes to begin selling
steel in the United States within a year.
NanoSteel could not be reached