On the advice of our law firm, and given our failure to elicit a response from several bike brands that are already using our intellectual property without permission, here is a public statement concerning the patents that we hold on the downtube design, sometimes referred to as “concave downtube”
“VELOCITE is the patentee of the Taiwan Utility Model Patent No.M501406 “Aerodynamic Bicycle Frame”, a patent correspondent to the above-identified Taiwan patent has also been granted in China under the name of VELOCITE as No. ZL201520139826.6 (the above mentioned Taiwanese and Chinese patents are collectively referred to as the “Patents” hereinafter).
VELOCITE has put the Patents into practice and are selling and marketing the patented products in various areas including Italy. The business of the patented products has proven to be a commercial success to our client. VELOCITE highly cherishes the commercial value of the Patents, and will enforce its patent right against any infringer by taking proper legal action available under the law.
If you have any question or comment on the contents of this statement, please contact our company as soon as possible.”