CAPE TOWN, South Africa, September 21, 2017 – Leatt Corporation (OTCQB: LEAT), a developer and marketer of protective equipment and ancillary products for many forms of sports, especially extreme high-velocity sports, announced today that a Federal Court in Indiana has ruled in favor of the Company in a product liability lawsuit.
Plaintiff, Brock Lyons, tragically suffered permanent injury to his thoracic spine after losing control of his 450cc dirt bike and crashing during a motocross practice session in April 2014. Lyons sued Leatt in the United States District Court for the Northern District of Indiana, alleging that his Leatt-Brace®, a neck protection device he had worn for seven years, either caused injury to his lower spine or failed to protect him from that injury. However, the court granted summary judgment after deciding that the proposed opinion testimony of two key witnesses was scientifically unreliable and inadmissible as evidence.
Dr. Christopher Leatt, a South African physician and motorcycle enthusiast, invented and patented the Leatt-Brace® to help reduce catastrophic neck injuries in extreme sports. Intended to be worn with a full-face helmet, the Leatt-Brace® is designed to reduce extreme ranges of neck motion and create an Alternative Load Path™ for forces inflicted on unrestrained motorcycle, ATV, mountain bike, and snowmobile riders.
Dr. Leatt, the Company’s Board Chairman and lead Research and Development Consultant remarked, “We have invested years of research, development and testing into all of our products before introduction into the marketplace. A growing number of user experiences and accident data shows what we believe to be true, that the Leatt-Brace® is both effective and safe.”
Leatt CEO, Sean Macdonald added, “It is always heartbreaking to hear about an athlete sustaining injury while participating in a beloved sport. These events further drive our team of passionate designers, engineers, and athletes to continually develop innovative protective gear.”
About Leatt Corporation:
Leatt Corporation develops personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles. For more information, visit: www.leatt-corp.com.
This press release may contain forward-looking statements regarding Leatt Corporation (the “Company”) within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements”, including statements regarding: the significance of the court ruling and its impact on the Company’s results of operation; the financial outlook of the Company; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “seeks,” “should,” “could,” “intends,” or “projects” or similar expressions, and involve known and unknown risks and uncertainties. These statements are based upon the Company’s current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. Financial performance in one period does not necessarily mean continued or better performance in the future. The Company’s actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company’s common stock as a “penny stock” and those listed in other reports posted on The OTC Markets Group, Inc.
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