Exclusive: Ping buys Nike golf patents Matthew Kish via the Phoenix Business Journal
“We see this as an opportunity to add utility patents to our already significant intellectual property portfolio,” said Ping President John K. Solheim, in a statement. “Our team can use these patents, along with our existing intellectual property, to our competitive advantage, accelerating our ability to further technology that ultimately leads to higher performing, score-lowering golf equipment.”
I personally never found the Nike equipment to be that interesting. Unfortunately for the brand, it would seem many others didn’t either. However, if a company with the history of Ping sees value in some of the Nike patents they have my attention.