February 2, 2004; Seymour, CT- Thule Inc. and Yakima Products Inc. have agreed to settle their pending patent law suits on confidential terms.Thule, Inc., is a wholly owned subsidiary of Thule Holding AB, which is owned by the Swedish investment company EQT. Founded in 1942, Thule develops, manufactures, and markets load carrier systems for vehicle owners worldwide.

Thule is the only major US manufacturer of car rack products, with 90 percent of Thule US products produced in the company’s Seymour, Connecticut and Chicago, Illinois facilities. Thule’s product line features multi-purpose roof racks, roof top boxes, rear mount racks, and accessories for outdoor equipment including bikes, skis, snowboards, kayaks, canoes, and surfboards. For more information visit, www.thule.comwww.thule.com