Connect with us

Technology

MachiningCloud Brings Litigation Against Kennametal for Theft of Trade Secrets and Breach of Contract

Published

on

Complaint Arises from Kennametal’s Malicious Use of MachiningCloud’s Intellectual Property to Enrich Itself While Failing to Pay Commissions at Expense of MachiningCloud

Complaint Seeks in Excess of $330 Million in Cash Damages, Punitive and Exemplary Damages and Injunctive Relief

CAMARILLO, Calif., Feb. 4, 2025 /PRNewswire/ — MachiningCloud (the “Company”) today announced that it has initiated a lawsuit in the Superior Court of the State of California, County of Ventura, against Kennametal Inc. (“Kennametal”) to protect MachiningCloud’s business and the Company’s intellectual property rights. The lawsuit asserts that Kennametal stole trade secrets and contractually protected confidential information from MachiningCloud and failed to pay clearly owed commissions pursuant to an agreement between the two companies (the “Agreement”).

Specifically, the lawsuit outlines how Kennametal contracted with the Company to build “Novo,” a proprietary sales platform for Kennametal. Over time, Kennametal used the Company’s confidential information and intellectual property to build its own competing platform. Kennametal went as far as to file an illegitimate patent application for its knock-off platform. At the same time Kennametal failed to pay MachiningCloud commissions it owed on more than $1 billion of transactions initiated by or through the use of Novo.

In doing so, the lawsuit asserts, among other things, that Kennametal:

Breached provisions in the Agreement regarding confidentiality, payment rights and audit and accounting rights;Violated the California Uniform Trade Secrets Act; andBreached the implied covenant of good faith and fair dealing.

MachiningCloud issued the following statement:

MachiningCloud is proud to be a trusted partner to our network of industry-leading customers, providing unparalleled data access and seamless solutions that enable greater innovation and success.

Since we discovered Kennametal’s actions, we have repeatedly attempted to reach an amicable resolution with Kennametal to avoid bringing this litigation. Unfortunately, we were ultimately forced to take the steps necessary to protect our company and our intellectual property.

We believe this is a simple case of a large company trying to take advantage of a smaller company by stealing its trade secrets and contractually-protected confidential information and then refusing to pay commissions it clearly owed.

We are confident in our legal position, and we intend to hold Kennametal accountable for its willful and malicious actions.

MachiningCloud is seeking in excess of $330 million in cash damages, punitive and exemplary damages and injunctive relief that would enjoin Kennametal from further acquiring, disclosing or using MachiningCloud’s trade secrets, and would shut down Kennametal’s knock-off system and platform.

Stubbs Alderton & Markiles, LLP is serving as legal counsel to MachiningCloud.

About MachiningCloud

MachiningCloud is a cloud-based platform that delivers up-to-date cutting tool manufacturers’ product data to manufacturers, engineers, and machinists around the globe. By providing instant access to the latest product information, MachiningCloud enables users to increase productivity, reduce errors, and improve overall efficiency in the machining process.

Contact

Aaron Palash / Spencer Hoffman
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

 

View original content:https://www.prnewswire.com/news-releases/machiningcloud-brings-litigation-against-kennametal-for-theft-of-trade-secrets-and-breach-of-contract-302367951.html

SOURCE MachiningCloud

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

EX3 Accelerates APAC Expansion with Malaysia Growth Milestone and SAP Partnership

Published

on

By

LONDON and KUALA LUMPUR, Malaysia, April 21, 2026 /PRNewswire/ — EX3 today announced a significant milestone in its Asia-Pacific (APAC) growth journey, marked by continued expansion in Malaysia, a newly formalised SAP partnership, and further investment in regional leadership.

As part of its broader APAC growth strategy, EX3 has strengthened its presence in Malaysia, with headcount increasing to 21 employees—an addition of four new team members in the last six months alone, with additional two expected by end of May 2026. This growth reflects sustained demand for EX3’s expertise in delivering end-to-end HR and payroll transformation programmes across the region.

In parallel, EX3 has been officially inducted as an SAP Partner in Malaysia, with a dedicated focus on Human Capital Management (HCM) and Payroll. This milestone represents a strategic step forward, reinforcing EX3’s capability to deliver enhanced value to clients through deeper alignment with SAP technologies and innovation.

The SAP partnership is central to EX3’s regional ambitions, enabling the organisation to scale its delivery and sales capabilities across Malaysia and the wider APAC market. By combining SAP’s leading cloud solutions with EX3’s agile, AI-powered delivery approach, the company is well-positioned to support organisations navigating complex HR and payroll transformations.

Sam Garwood, Chief Revenue Officer at EX3, commented:
“Our SAP partnership represents a key enabler for our go-to-market strategy across APAC. With Malaysia at the centre of our regional operations, we are building a scalable, high-impact GTM engine that allows us to bring EX3’s full capabilities to market with greater speed and precision. This positions us strongly to capture growing demand for HR and payroll transformation across the region.”

Looking ahead, EX3 will continue to invest in its regional leadership team, including the upcoming appointment of a new Head of Sales for APAC. This role will be instrumental in driving continued growth, strengthening client relationships, and expanding EX3’s footprint across key markets.

Jas Rai, CEO of EX3, added:
“EX3 is on a strong global growth trajectory, and our expansion in APAC is a critical part of that journey. Malaysia plays a pivotal role in enabling that growth—both as a centre of delivery excellence and as a strategic hub for the region. As we continue to scale, our investment in Malaysia will help us accelerate our broader ambitions and deliver even greater value to clients globally.”

About EX3

EX3 is a global provider of end-to-end SAP Payroll and HR transformation, combining strategic advisory with outcome-based support and managed services to streamline global operations for organizations worldwide. With offices in the UK, Malaysia, and India, EX3 delivers modern, scalable, and innovative solutions that help clients transform how they manage HR and payroll operations.

https://www.weareex3.com/ 

Media Contact:
Sach Dhanjal
Senior Marketing Manager, EX3
sach.dhanjal@weareex3.com

Logo – https://mma.prnewswire.com/media/2957617/EX3_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ex3-accelerates-apac-expansion-with-malaysia-growth-milestone-and-sap-partnership-302745004.html

Continue Reading

Technology

EX3 Accelerates APAC Expansion with Malaysia Growth Milestone and SAP Partnership

Published

on

By

LONDON and KUALA LUMPUR, Malaysia, April 21, 2026 /PRNewswire/ — EX3 today announced a significant milestone in its Asia-Pacific (APAC) growth journey, marked by continued expansion in Malaysia, a newly formalised SAP partnership, and further investment in regional leadership.

As part of its broader APAC growth strategy, EX3 has strengthened its presence in Malaysia, with headcount increasing to 21 employees—an addition of four new team members in the last six months alone, with additional two expected by end of May 2026. This growth reflects sustained demand for EX3’s expertise in delivering end-to-end HR and payroll transformation programmes across the region.

In parallel, EX3 has been officially inducted as an SAP Partner in Malaysia, with a dedicated focus on Human Capital Management (HCM) and Payroll. This milestone represents a strategic step forward, reinforcing EX3’s capability to deliver enhanced value to clients through deeper alignment with SAP technologies and innovation.

The SAP partnership is central to EX3’s regional ambitions, enabling the organisation to scale its delivery and sales capabilities across Malaysia and the wider APAC market. By combining SAP’s leading cloud solutions with EX3’s agile, AI-powered delivery approach, the company is well-positioned to support organisations navigating complex HR and payroll transformations.

Sam Garwood, Chief Revenue Officer at EX3, commented:
“Our SAP partnership represents a key enabler for our go-to-market strategy across APAC. With Malaysia at the centre of our regional operations, we are building a scalable, high-impact GTM engine that allows us to bring EX3’s full capabilities to market with greater speed and precision. This positions us strongly to capture growing demand for HR and payroll transformation across the region.”

Looking ahead, EX3 will continue to invest in its regional leadership team, including the upcoming appointment of a new Head of Sales for APAC. This role will be instrumental in driving continued growth, strengthening client relationships, and expanding EX3’s footprint across key markets.

Jas Rai, CEO of EX3, added:
“EX3 is on a strong global growth trajectory, and our expansion in APAC is a critical part of that journey. Malaysia plays a pivotal role in enabling that growth—both as a centre of delivery excellence and as a strategic hub for the region. As we continue to scale, our investment in Malaysia will help us accelerate our broader ambitions and deliver even greater value to clients globally.”

About EX3

EX3 is a global provider of end-to-end SAP Payroll and HR transformation, combining strategic advisory with outcome-based support and managed services to streamline global operations for organizations worldwide. With offices in the UK, Malaysia, and India, EX3 delivers modern, scalable, and innovative solutions that help clients transform how they manage HR and payroll operations.

https://www.weareex3.com/ 

Media Contact:
Sach Dhanjal
Senior Marketing Manager, EX3
sach.dhanjal@weareex3.com

Logo – https://mma.prnewswire.com/media/2957617/EX3_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ex3-accelerates-apac-expansion-with-malaysia-growth-milestone-and-sap-partnership-302745004.html

Continue Reading

Technology

World Micro Tees Up for Angel Flight Soars on May 13, 2026

Published

on

By

ROSWELL, Ga., April 21, 2026 /PRNewswire/ — To support the critical need for specialized medical care requiring distant travel, World Micro is proud to announce its participation as an Angelic Hole Sponsor for the 2026 Atlanta Tournament of Angels. This annual charity golf tournament directly benefits Angel Flight Soars, a nonprofit organization based out of Peachtree Dekalb Airport in Chamblee, GA.

Angel Flight Soars provides free air transportation for individuals in need of medical care or other critical services. By coordinating volunteer pilots and donated flight resources, the organization helps remove transportation barriers, ensuring patients can access life-saving treatments, specialized care, and humanitarian support.

To secure a sponsorship or learn more about participation in this impactful event, visit Tournament of Angels

“As an Angelic Hole Sponsor for the 2026 Atlanta Tournament of Angels, World Micro is proud to stand behind Angel Flight Soars, a local nonprofit in our community, and support their mission of providing essential, free air transportation for individuals who must travel far from home for specialized medical care,” said Lauren Brown, Director of Business Development.

Supporting Critical Medical Air Transportation

The 2026 Atlanta Tournament of Angels brings together community members and organizations to contribute to a vital cause. Every shot taken during the tournament helps provide essential air transportation for patients requiring specialized medical care far from their homes. This support ensures that geographical distance does not hinder access to critical treatments.

Event Details and Community Impact

The 2026 Atlanta Tournament of Angels will take place on May 13, 2026, at the Chateau Elan Golf Club. As an Angelic Hole Sponsor, World Micro underscores the profound impact of community support for services like those provided by Angel Flight Soars. The tournament offers a unique opportunity for individuals and organizations to contribute to a cause that provides essential medical air transportation, ensuring patients can access critical care regardless of distance. 

About World Micro

World Micro is a global distributor specializing in electronic components and supply chain solutions for military, aerospace, industrial, and high-reliability applications. With a focus on speed, service, and dependable fulfillment, World Micro supports customers worldwide with responsive sourcing, logistics expertise, and value-added distribution services.

Learn more at www.worldmicro.com.

For pricing and inquiries, please contact World Micro at:
Email: info@worldmicro.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/world-micro-tees-up-for-angel-flight-soars-on-may-13-2026-302748030.html

SOURCE World Micro

Continue Reading

Trending