In connection with IKN's use of the unlawfully acquired material in their marketing, IKN has offered FLSmidth a financial compensation which is acceptable when comparing with cases of this nature. The parties have agreed not to publish the size of this financial compensation. In accordance with the Court's statement, IKN has also waived its objection to the ban issued by the Court in Hannover and to the seizure of the material on the Crossbar-cooler developed and patented by FLSmidth.
In addition, IKN has published a revised statement giving their view of the course of events on their website www.ikn-online.com and www.ikn-neustadt.de.
FLSmidth considers the case against IKN closed and looks forward to again facing competition on the cooler market on equal terms.
Please address any questions regarding this announcement to Group CEO Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 10 00.
FLSmidth & Co. A/S
Corporate Public Relations