OUTOTEC OYJ STOCK EXCHANGE RELEASE SEPTEMBER 15, 2015 at 10.00 AM
Settlement of the legal disputes regarding Outotec Flash Smelting technology with Yanggu in China
Outotec and Yanggu Xiangguang Copper Co. (Yanggu) have settled all legal disputes regarding license agreements and intellectual property rights relating to Outotec Flash Smelting technology (press release on April 2, 2014 and stock exchange release on March 23, 2015).
Yanggu has withdrawn its application for summons at the High Court of Shandong Province in China (filed on March 20, 2015) and all its claims against Outotec.
Outotec has withdrawn its arbitration process at the ICC International Court of Arbitration against Yanggu in a dispute relating to license agreements on Flash Smelting and Flash Converting technologies and all its claims against Yanggu.
These settlements have no impact on Outotec's financial guidance for 2015.
For further information please contact:
Nina Kiviranta, General Counsel
Tel. +358 20 529 2017
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
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