Outokumpu and Outotec enter into a legal dispute over invention rights
STOCK EXCHANGE RELEASE
January 24, 2013 at 5.50 pm EET
Outokumpu Oyj and Outotec Oyj have entered into a legal dispute over invention rights related to a ferrochrome production method. Outokumpu has made the invention and has filed the patent applications related to this invention regarding the production of ferrochrome nickel.
Outotec is alleging to have rights to the invention and has submitted an application for summons at the District Court of Helsinki. Outokumpu finds these allegations to be completely without merit.
Kimmo Karihtala, Head of Corporate Affairs and Compliance: “These claims against Outokumpu are unfounded. If pursued, Outokumpu will vigorously defend its rights.”
For more information:
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Outokumpu is the global leader in stainless steel and high performance alloys. Our advanced materials are the ideal choice for demanding applications ranging from cutlery to bridges, energy plants to medical equipment. Stainless steel contributes to a sustainable and long lasting world as it is a 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic material. Outokumpu employs approximately over 16 000 professionals in over 40 countries, with the Group’s head office in Espoo, Finland and shares listed on the NASDAQ OMX Helsinki. www.outokumpu.com