31 Dec '13, 12pm

Polypore and Sumitomo enter settlement and license agreement over battery separator coating

Polypore and Sumitomo enter settlement and license agreement over battery separator coating 31 December 2013 Polypore International, Inc. and Sumitomo Chemical Co., Ltd. have entered into a Settlement and License Agreement which ends all outstanding worldwide litigation between the two companies related to Polypore’s intellectual property rights on battery separator coating. Under the License Agreement, Sumitomo Chemical has licensed Polypore’s intellectual property related to coating separators for lithium-ion batteries. The financial terms of the Agreement include an up-front payment to Polypore as well as recurring royalties. This agreement confirms the integrity of our intellectual property around ceramic coating of separators for lithium-ion batteries. In addition to the financial consideration of the licensing arrangement, we are pleased that this agreement establish...

Full article: http://www.greencarcongress.com/2013/12/20131231-polypore...

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