technotrans AG / Legal Matter/Scheme of Arrangement
25.09.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Baldwin Germany GmbH, Friedberg, as the plaintiff and technotrans AG,
Sassenberg, as the defendant have agreed an out-of-court settlement to
terminate the proceedings that have been continuing for a number of years
in connection with the infringement of a patent. technotrans is to pay an
amount of EUR 6.5 million (approx. USD 9.6 million) in compensation to
Baldwin. In return, Baldwin undertakes to declare the proceedings before
the Düsseldorf district court in respect of the amount as settled.
The Boards of Management of both parties have reached the conclusion that
this solution is in the best interests of both companies.
This settlement will reduce technotrans AG's operating result for the third
quarter of 2009 by the difference between the figure in question and the
corresponding provision (EUR 3.7 million at December 31, 2008).
Contact: Thessa Roderig, Investor Relations technotrans AG, phone +49 2583
301-1887
25.09.2009 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]
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Language: English
Company: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Deutschland
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: info@technotrans.de
Internet: http://www.technotrans.de
ISIN: DE000A0XYGA7
WKN: A0XYGA
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: technotrans AG: Baldwin and technotrans end patent dispute
| Source: EQS Group AG