REG - Ocado Group PLC - Ocado and AutoStore settle all Litigation

OcadoAnnouncement

24/07/2023 07:00

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RNS Number : 8733G  Ocado Group PLC  22 July 2023

This Announcement contains Inside Information

 

OCADO GROUP PLC

22 July 2023

 

Ocado Group plc

Ocado and AutoStore settle all Litigation

 

Ocado Group plc ("Ocado" or the "Company") today announces that the litigation
between Ocado and AutoStore has been settled and each party is taking steps to
withdraw their actions against the other party. The terms of the settlement
are confidential, however we can disclose that:

1. There is a cross-licence of certain patents between the parties whereby:

●    Ocado and AutoStore have complete freedom to access and use
technology covered by each other's pre-2020 patents

●    Ocado and AutoStore are allowed to continue to use and market their
own existing products without challenge of infringement of the other's
post-2020 patents

●    AutoStore is not permitted to make or use a single-space cavity
robot in any jurisdiction where Ocado has patent protection.

2. AutoStore will pay £200m to Ocado. This will be paid in 24 monthly
instalments, starting in July 2023.

3. The agreement gives access to part of each party's patent portfolio for
them to use or develop their own products. It does not provide for
collaboration, technology assistance or access to actual products.

Tim Steiner, Chief Executive Officer of Ocado Group plc, said:

"I am pleased that we have worked together to resolve our differences and can
now continue to focus on what we do best - innovating, developing and enabling
partners to access world beating technology"

Neill Abrams, Group General Counsel and Company Secretary, said:

"I'm delighted that this litigation has now ended on satisfactory terms. I'd
like to thank the internal Ocado IP team and our external counsel for their
immense efforts in getting to this result."

 Contacts:

● Tim Steiner, Chief Executive Officer, on +44 1707 228 000

● Neill Abrams, Group General Counsel, on +44 1707 228 000

● David Shriver, Chief Reputation Officer, on +44 1707 228 000

● Louise Male at Teneo, on +44 20 7353 4200

 

Person responsible for arranging the release of this announcement:

Neill Abrams

Group General Counsel & Company Secretary

Ocado Group plc

Buildings One & Two Trident Place
Mosquito Way

Hatfield, Hertfordshire

AL10 9UL

Fax: +44 (0)1707 228 000

email: company.secretary@ocado.com

Ocado Group plc LEI: 213800LO8F61YB8MBC74

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