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euro adhoc: Justice/Processes / Süd-Chemie and CSP Technologies reach agreement in patent dispute

Geschrieben am 20.12.2006 - [Nächster Artikel]


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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.


end of announcement euro adhoc 20.12.2006 09:00:00
--------------------------------------------------------------------------------


ots Originaltext: Süd-Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: patrick.salchow@sud-chemie.com

Branche: Chemicals
ISIN: DE0007292005
WKN: 729200
Index: CDAX
Börsen: Börse Berlin-Bremen / regulated dealing
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / official dealing/general standard
 
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