Andritz Oy has filed a summons application with the Stockholm District Court against Valmet AB, a subsidiary of Valmet Corporation, regarding patent infringement. In the claim Andritz is asking that Valmet under a penalty ceases to utilize the patent allegedly infringing Andritz's patent and the Court to impose royalty and damages on Valmet AB with EUR 52 million and interest for the alleged infringement.
In previous correspondence between Valmet and Andritz, Valmet has disputed the claims of infringement as unfounded. Valmet's standpoint is based on a thorough analysis of Andritz's patent and its scope. Furthermore, the validity of Andritz's patent has been challenged by Valmet, and that matter is awaiting a decision from the Swedish Court of Patent Appeals.
No provisions have been made concerning the claim.
Further information, please contact:
Rasmus Oksala, General Counsel, Valmet Corporation, tel. +358 10 672 0026
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet Corporation, tel. +358 10 672 0007
VALMET CORPORATION
Markku Honkasalo
CFO
Hanna-Maria Heikkinen
VP, Investor Relations
Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 10,500 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.
Valmet's net sales in 2014 were approximately EUR 2.5 billion. Valmet's objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.
Read more www.valmet.com (http://www.valmet.com) , www.twitter.com/valmetglobal (http://www.twitter.com/valmetglobal)
Follow Valmet IR in Twitter www.twitter.com/valmetir
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valmet Corporation via Globenewswire
