14 Nov '11, 5pm

Can AMSC Recover From Alleged IP Theft by China’s Biggest Wind Company?: Though Chinese courts will make the f...

Though Chinese courts will make the final determination, the confession and conviction of a former employee of AMSC subsidiary WindTec for intellectual property (IP) theft and collusion with Sinovel, China’s biggest wind manufacturer and the second biggest in the world, make it difficult to discredit AMSC’s version of events. “Consider the evidence,” said AMSC President/CEO Dan McGahn of the company's cumulative $1.2 billion case against Sinovel. “We have hundreds of emails and messages between senior-level Sinovel staff members and our now-incarcerated former employee.” The messages, McGahn said, show Sinovel requested the stolen IP and that senior-level Sinovel employees knew the IP was obtained illegally and would damage AMSC. And there is physical evidence: signed contracts with Sinovel and related parties promise the employee more than $1.5 million, and emails contain...

Full article: http://www.greentechmedia.com/articles/read/Can-AMSC-Reco...

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