The Swedish Court of Patent Appeals has revoked Andritz's Swedish Patent on which Andritz had filed a summons application against Valmet in 2015
As Valmet announced by stock exchange release on February 20, 2015, Andritz Oy had 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 system allegedly infringing Andritz's patent and to impose royalty and damages on Valmet AB with EUR 54 million and interest for the alleged infringement. Valmet has not made any provisions concerning the claim.
The validity of Andritz's patent has been challenged by Valmet, and this matter has been awaiting a decision from the Swedish Court of Patent Appeals. The Swedish Court of Patent Appeals has on March 23, 2016 decided to revoke Andritz's patent.
An appeal of the decision now made by the Swedish Court of Patent Appeals can be filed to the Supreme Administrative Court by May 23, 2016.
Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. +358 10 672 0026
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet, tel. +358 10 672 0007
VP, Investor Relations
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