Brief: Autostore And Ocado Settle All Patent Litigation

AutoStore Holdings

22/07/2023 13:50

July 22 (Reuters) - Autostore Holdings Ltd  AUTO.OL :
    * AUTOSTORE AND OCADO SETTLE ALL PATENT LITIGATION
    * AUTOSTORE  - CO AND OCADO GROUP  ANNOUNCED  SETTLEMENT OF
ALL
CLAIMS BETWEEN COS IN THEIR GLOBAL PATENT DISPUTE
    * BOTH COMPANIES CAN CONTINUE TO USE AND MARKET ALL THEIR
OWN
EXISTING PRODUCTS WITHOUT CHALLENGE
    * OCADO RETAINS EXCLUSIVE RIGHTS TO SINGLE SPACE ROBOT
    * AUTOSTORE WILL PAY £200 MILLION TO OCADO IN INSTALMENTS
OVER 2
YEARS

Source text for Eikon:  ID:nWkr5TR3H0 
Further company coverage:  AUTO.OL 

 ((Reuters.Briefs@thomsonreuters.com;))