SmileDirectClub Releases Statement Regarding Update in Ongoing Proceedings with Align Technology

NASHVILLE, Tenn., July 2, 2018 /PRNewswire/ -- SmileDirectClub today released a statement responding to the recent ruling in their ongoing proceedings with Align Technology:

"SmileDirectClub is pleased with the State Court's finding that Align Technology is providing services substantially similar to SmileDirectClub's SmileShop model, in violation of the Operating Agreement. However, SmileDirectClub respectfully disagrees with the Court's reluctance to enter a temporary injunction to prevent Align Technology from opening additional scan shops. We remain confident that the final result of arbitration will be in our favor."

The arbitration proceedings between SmileDirectClub and Align Technology are currently scheduled for December 2018.

About SmileDirectClub
SmileDirectClub was founded on a simple belief: Everyone deserves a smile they love. Recognizing an opportunity to increase access to dental care, the company pioneered the creation of cutting-edge platforms and technology for doctor-directed, at-home aligner therapy. With a digital network of more than 200 affiliated licensed dentists and orthodontists overseeing customer treatment plans, from impressions made with at-home kits or from a digital scan at one of the 100 SmileShops across the United States, SmileDirectClub has made orthodontic solutions more affordable and convenient than ever before.

SmileDirectClub was founded in 2014 by Alex Fenkell and Jordan Katzman in partnership with Camelot Ventures, whose portfolio companies include 1-800-CONTACTS and Quicken Loans, and is based in Nashville, Tennessee. For more information visit SmileDirectClub.com

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SOURCE SmileDirectClub