Malibu Announces License Agreement With Tige Boats

Malibu Boats, the world’s largest manufacturer of watersports towboats, has entered into an agreement to license its wakesurfing patent portfolio to Tige Boats.

“We are pleased that Tige has recognized the strength of our intellectual property and agreed to sign a license and forego potential litigation,” said Malibu Boats CEO Jack Springer. “Respecting intellectual property rights helps encourage strong innovation in our segment and helps grow watersports for all of our loyal customers.”

With the new agreement Tige now becomes the third marine company to license Malibu’s surf-related intellectual property, joining Correct Craft and Chaparral. Tige will use its license to continue equipping its product line with its existing wake surf offerings, but will not be offering Surf Gate or the Surf Gate brand.

“I want to commend Tige for acting honorably and quickly, once we contacted them, to acknowledge the breadth and value of Malibu’s extensive intellectual property for wake surfing. This allows both of our companies to focus on delivering boats and innovations to our customers.”