Andritz Oy has filed a summons application against Valmet AB
(Thomson Reuters ONE) -
Valmet Corporation's stock exchange release on February 20, 2015 at 3:30 p.m.
EET
Andritz Oy has filed a summons application with the Stockholm District Court
against Valmet AB, a subsidiary of Valmet Corporation, regarding patent
infringement. In the claim Andritz is asking that Valmet under a penalty ceases
to utilize the patent allegedly infringing Andritz's patent and the Court to
impose royalty and damages on Valmet AB with EUR 52 million and interest for the
alleged infringement.
In previous correspondence between Valmet and Andritz, Valmet has disputed the
claims of infringement as unfounded. Valmet's standpoint is based on a thorough
analysis of Andritz's patent and its scope. Furthermore, the validity of
Andritz's patent has been challenged by Valmet, and that matter is awaiting a
decision from the Swedish Court of Patent Appeals.
No provisions have been made concerning the claim.
Further information, please contact:
Rasmus Oksala, General Counsel, Valmet Corporation, tel. +358 10 672 0026
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet Corporation,
tel. +358 10 672 0007
VALMET CORPORATION
Markku Honkasalo
CFO
Hanna-Maria Heikkinen
VP, Investor Relations
Valmet Corporation is a leading global developer and supplier of services and
technologies for the pulp, paper and energy industries. Our 10,500 professionals
around the world work close to our customers and are committed to moving our
customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. Our strong technology offering includes
entire pulp mills, tissue, board and paper production lines, as well as power
plants for bio-energy production.
Valmet's net sales in 2014 were approximately EUR 2.5 billion. Valmet's
objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the
NASDAQ OMX Helsinki Ltd.
Read more www.valmet.com , www.twitter.com/valmetglobal
Follow Valmet IR in Twitter www.twitter.com/valmetir
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Valmet Corporation via GlobeNewswire
[HUG#1896170]
Unternehmensinformation / Kurzprofil:
Datum: 20.02.2015 - 14:30 Uhr
Sprache: Deutsch
News-ID 373132
Anzahl Zeichen: 2980
contact information:
Town:
Espoo
Kategorie:
Business News
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"Andritz Oy has filed a summons application against Valmet AB"
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