Metso Paper purchases intellectual property rights from Sandusky Technologies

Published Feb 8, 2007 15.00.00 +2 GMT

Metso Paper has acquired the intellectual property rights (IPR) to certain paper machinery technology from Sandusky Technologies Limited.

The purchased technology covers all registered and unregistered paper machinery IPR of Sandusky Technologies Limited. This includes drawings and bills of material, calculations, studies, research reports, patents and trademarks worldwide, outside of South Africa and excluding roll technology in the USA and Canada, as well as certain confidential projects. The technology relates to the machinery delivered by Sandusky Walmsley Limited and Beloit Walmsley Limited.

In addition, Metso Paper has acquired non-exclusive rights to the IPR of the paper machinery dryers, yankee dryers and yankee services of Sandusky Technologies Limited. The IPR includes all technical material concerning the deliveries of Beloit Walmsley and Sandusky Walmsley of the above equipment, except for certain confidential projects.

Through the assigned and licensed technology, Metso Paper has improved its capabilities to serve all former Beloit Walmsley and Sandusky Walmsley customers with process improvements, rebuilds, yankee cylinders and spare parts through its global operations and service network.

Sandusky Technologies Limited is a wholly owned subsidiary of Sandusky International, Inc. Founded in 1904, Sandusky International, Inc. is a privately held company, headquartered in Sandusky, Ohio, designing and manufacturing suction roll shells, paper machinery rolls and services.

Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.

For additional information, please contact: Jari Vähäpesola President, Metso Paper Service Tel. +358 20 482 5260 or +358 40 558 6555