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PING Buys Nike Golf Patents

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Kinda wondered what would happen to all of Nike's golf patents.  Now we know...

 

From the Phoenix Business Journal:

 

 

Exclusive: Ping buys Nike golf patents

 

Federal patent records released Tuesday answered one of the lingering questions about Nike's exit from the golf equipment business: What will happen to Nike's sizable portfolio of golf equipment patents?

 

The company has patented everything from smart golf clubs to a driver with finsmeant to improve club head speed.

 

Nike has sold five golf equipment patents to Phoenix-based Karsten Manufacturing Corp.,… more

NIKE, VIA U.S. PATENT AND TRADEMARK OFFICE

 

The new patent records show Phoenix-based Karsten Manufacturing Corp., parent of the Ping golf brand, purchased five of the patents. Each of the patents describes club technology.

 

"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."

 

Terms of the patent sales weren't disclosed. A Ping spokesman said the company has purchased additional Nike golf equipment patents, but those sales are not yet reflected in patent records.

 

The U.S. Patent and Trademark Office lists 1,237 Nike patents related to golf. Some are footwear and apparel patents that Nike would likely seek to retain.

 

"As a part of our exit from the golf equipment business we have sold certain patent assets that were developed in connection with the innovations created as a part of Nike's golf club and ball business," Nike said, in a statement. "We are proud of the innovations created by the Nike Golf team and are happy that consumers will still be able to benefit from those patented innovations."

 

While Nike is no longer in the golf equipment business, it continues to make golf footwear and apparel, recently extending its endorsement deal with No. 2 golfer Rory McIlroy and signing No. 3 golfer Jason Day.

 

“We're committed to being the undisputed leader in golf footwear and apparel,” Trevor Edwards, Nike Brand president, said in a news release, when Nike announced its exit from the golf equipment business. “We will achieve this by investing in performance innovation for athletes and delivering sustainable profitable growth for Nike Golf.”

 

Nike's golf sales fell 8 percent in fiscal 2016, dropping from $769 million to $706 million. It was the third straight year of declining golf revenue. The division had peaked at $792 million in 2013.

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New Ping golf balls on the way? That is my first thought.

 

 

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New Ping golf balls on the way? That is my first thought.

 

 

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Me as well

 

 

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Uh oh. Nike has an Apple Watch.. this could get interesting. Especially since Finau and a few other staffers moved to Ping. I checked out those iBlades in shop the other day. I think I could play them.

 

Like Mr. Chris O said. I bet we see a new Ping Zing ball.

 

 

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Sounds like a solid move for Ping.

Look forward to seeing what they come up with.

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New Ping golf balls on the way? That is my first thought.

 

 

Sent from my iPhone using MyGolfSpy

 

Me as well

 

 

Sent from my iPhone using MyGolfSpy

 

 

The article states that all 5 patents purchased were related to club technology.  Ping has not purchased anything related to balls

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This is interesting! Can't wait to see what Ping has in store for the future.

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very interesting... Ping has for years seemed reluctant to change (see the hosel on older pings!) but recently are more comfortable with it.

I'll be curious how this plays out.

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Nike was suppose to have their best ever driver come out this year, a big jump in tech for them, could Ping use it? Would be interesting.

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very interesting... Ping has for years seemed reluctant to change (see the hosel on older pings!) but recently are more comfortable with it.

I'll be curious how this plays out.

So glad they switched to ferrules.

 

 

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The article states that all 5 patents purchased were related to club technology. Ping has not purchased anything related to balls

After reading through again I did see that...I wish someone would make the RZN black with a different logo on it. I have really enjoyed that ball.

 

 

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This is really interesting because Nike was supposed to have an amazing driver coming. I would love to see what Ping could do with this!

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One length and crown dimples. Could be cool.

 

 

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The article states that all 5 patents purchased were related to club technology. Ping has not purchased anything related to balls

Made the blog today -- click here for more details

So after reading the blog it sounds like there could be more patents purchased in the near future? Is that true?

 

 

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Well I was a Nike snob before now I have to up my game to Ping...this is a cool development.

 

 

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Well I was a Nike snob before now I have to up my game to Ping...this is a cool development.

 

 

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Finau is one of my favorites. He looks good with the Nike swag and the Ping irons in the bag.

 

 

- Alan

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Finau is one of my favorites. He looks good with the Nike swag and the Ping irons in the bag.

 

 

- Alan

(all I have to say)

 

 

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