Brief: Oceanteam reaches settlement over IP infringement proceedings issued against Sawicon AS

Oceanteam ASA

15/02/2016 07:00

Feb 15 (Reuters) - Oceanteam ASA  OTS.OL : 
    * Oceanteam has reached an out of court settlement over an 
IP 
infringement case related to the Oceanteam ASA - North Ocean 
vessel series, which was filed against Sawicon AS in 2011 
    * The terms of the settlement are to remain confidential, 
but the company underlines that the settlement will have no 
negative effect on the company's results, operations and 
developments going forward 
    * After 5 years in the Norwegian courts, the case status was 
at a point where there were still no final conclusions made on 
the subject matter of the case 
 
Source text for Eikon:  ID:nHUG46nVbj  
     
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