- 20.12.2006, 09:35:11
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- OTE0004
euro adhoc: Justice/Processes / Süd-Chemie and CSP Technologies reach agreement in patent dispute (E)
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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20.12.2006
Süd-Chemie Inc., Louisville/USA, in which Süd-Chemie AG, Munich/Germany holds an
indirect 63.95% interest, has reached a settlement agreement to end its patent
dispute with CSP Technologies, Inc., Auburn/USA, a subsidiary of CV Holdings,
New York/USA.
On 4 August 2006, the United States District Court Southern District of Indiana,
Indianapolis Division, ruled that Süd-Chemie Inc. had infringed two CSP patents
relating to a desiccant entrained polymer product.
Under the settlement agreement, Süd-Chemie pays a one-off sum of 8 million
US-dollars to CSP and agrees to the entry of an injunction that prohibits
further infringement of the two patents involving that product. In return, CSP
agrees to dismiss all US litigation involving Süd-Chemie Inc., including
litigation in the Middle District of Alabama against other Süd-Chemie companies.
The settlement ends multiple litigation matters and enables Süd-Chemie and its
affiliates to avoid substantial US litigation costs.
Munich, 20 December 2006
Enquiries to:
Süd-Chemie AG
Patrick Salchow
Head of Corporate Public Relations
Tel. +49 (0) 89 5110-250
Fax +49 (0) 89 5110-156
Süd-Chemie AG (www.sud-chemie.com) is a publicly quoted (Security Identification
Number (WKN): 729 200), independent specialty chemical company headquartered in
Munich / Germany and operating on a worldwide scale. Key markets served by its
Adsorbents Division include the consumer-goods, packaging and foundry
industries, as well as the paper and plastics industries. Products manufactured
by the Catalysts Division offer solutions for water treatment, petrochemicals
processing, energy storage and hydrogen production, as well as off-gas
purification. The common denominator of all its products and innovations is the
efficient and sparing use of natural resources to enhance the quality of life
for humans and the environment. The Süd-Chemie Group generated sales of EUR933
million in 2005, almost 80% of these outside Germany. Süd-Chemie Group had some
5,000 employees at 65 sales and production sites worldwide in mid 2006.
Further inquiry note:
Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: [email protected]
end of announcement euro adhoc 20.12.2006 09:00:00
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emitter: Süd-Chemie AG
Lenbachplatz 6
D-80333 München
phone: +49 (0)89 5110-0
FAX: +49 (0)89 5110-375
mail: [email protected]
WWW: http://www.sud-chemie.com
ISIN: DE0007292005
indexes: CDAX
stockmarkets: regulated dealing: Börse Berlin-Bremen, free trade: Hamburger
Wertpapierbörse, Frankfurter Wertpapierbörse, official
dealing/general standard: Bayerische Börse
sector: Chemicals
language: English
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