Settlement between Uponor Innovation AB and Nexam Chemical AB
Nexam Chemical AB and Uponor Innovation AB have entered into a settlement agreement to resolve a litigation concerning patent rights for Polyethylene Pipe applications. In the settlement Nexam Chemical AB will withdraw the litigation against Uponor Innovation AB for the Patent including products based on Nexam materials (PCT/EP2016/058812). In the same settlement Uponor Innovation AB has issued a licence for Nexam Chemical Holding AB to sell products under the same patent with a licencing fee. Uponor will under this agreement exclusively buy the active component from Nexam Chemical AB.With