ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SEO Stanelco

0.12
0.00 (0.00%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stanelco LSE:SEO London Ordinary Share GB0005814198 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.12 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Update re Novamont S.p.A infringement claims

19/04/2010 7:00am

UK Regulatory



 

TIDMSEO 
 
RNS Number : 3640K 
Stanelco PLC 
19 April 2010 
 

PRESS RELEASE 
 
19th April 2010 
                                  Stanelco Plc 
 
          Update re Novamont S.p.A infringement claims against Biotec 
 
Stanelco is pleased to announce that on 16 April 2010, a Paris Court notified 
its Biotec subsidiary (which is jointly owned with Sphere SA "SPhere") of its 
favourable finding in relation to patent infringement claims made by Novamont 
S.p.A ("Novamont") a competing bioplastics business. This is the first court 
finding on the merits of this case, and validates Stanelco's decision to mount a 
robust defence of Biotec's technology. 
 
Stanelco announced on 29 May 2007 that the Board were evaluating claims against 
Biotec's technology made by Novamont.  Subsequent updates have clarified that 
Novamont had brought proceedings against Biotec Biologische Naturverpackungen 
GmbH & Co KG, Germany ("Biotec") and SPhere, France, and certain Group companies 
of SPhere claiming infringement of the French and Italian designations of 
Novamont's European Patent Numbers EP 0 327 505, EP 0 947 559 and EP 0 937 120 
(the "Novamont Patents").  These actions were taken in the first instance by 
Novamont in both the French court and in two courts in Italy (Milan and Turin). 
 
Biotec has defended these claims on the basis that the claims in the Novamont 
Patents relied on by Novamont are not infringed by Biotec and/or are invalid. 
Biotec has also supported SPhere's costs in defending these claims. 
 
The French Court notified Biotec on 16th April 2010 that its supply of its 
Bioplast 106/02 product to SPhere in France did not infringe any of Novamont's 
three patents and found one of Novamont's patents to be partially invalid. 
 
It should be noted that this French court finding does not affect the cases 
(referred to above) being pursued in Italy and that these may be expected to 
continue over the following months.  Further action by the claimant, Novamont, 
by way of appeal in the French court is also possible. 
 
Stanelco had advised previously on its website that its Preliminary Announcement 
regarding its results for 2009 would be made on 22 April 2010.  As a result of 
this favourable finding in the French Court, the Preliminary Announcement will 
now be made on 29 April 2010 to allow sufficient time for Stanelco's Board to 
assess its significance for the company. 
 
Paul Mines, Chief Executive of Stanelco plc commented: 
 
"We are pleased that our efforts in defending Biotec's technology have been 
validated by the first Court to hear this case.  We would hope that this 
positive result previews the findings of other Courts on this matter." 
 
"Stanelco's subsidiaries, Biotec and Biome Bioplastics take the protection of 
their own intellectual property seriously and always seek to operate their 
businesses in a manner that avoids infringing the intellectual property of 
others." 
 
"This important finding will allow us to move forward with the ongoing 
development of the business and gives a clear signal to the markets in which we 
work." 
 
                                      Ends 
 
 
Enquiries: 
 
 
+----------------------------------------+--------------------+ 
| Paul Mines, Chief Executive, Stanelco  | Tel: +44 (0) 2380  | 
| plc                                    | 867100             | 
| Sue Bygrave, Group Finance Director,   |                    | 
| Stanelco plc                           |                    | 
|                                        |                    | 
+----------------------------------------+--------------------+ 
| Jonathon Brill/Caroline Stewart,       | Tel: +44 (0) 20    | 
| Financial Dynamics                     | 7831 3113          | 
|                                        |                    | 
+----------------------------------------+--------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBIGDSGUBBGGI 
 

1 Year Stanelco Chart

1 Year Stanelco Chart

1 Month Stanelco Chart

1 Month Stanelco Chart

Your Recent History

Delayed Upgrade Clock