July 22, 2023
(press release)
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The principal terms of the agreement are: ● All patent litigation claims withdrawn globally ● Mutually beneficial global cross-licence of each other's pre 2020 patents ● Both companies can continue to use and market all their own existing products without challenge ● Ocado retains exclusive rights to the Single Space Robot ●
Whilst the agreement gives both companies access to parts of each other's patent portfolios for them to use or develop their own products, it does not provide for collaboration or technology assistance between the companies or access to actual products. The other terms of the agreement remain confidential.
This announcement includes inside information, is disclosed by Hiva Flåskjer, VP Investor Relations on the date and time indicated above and is disclosed in accordance with section 5-12 and the Norwegian Securities Trading Act. For further information, please contact: Investor relations and Norwegian media: Hiva Flåskjer, Vice President Investor Relations: +47 958 66 790 hiva.flaskjer@autostoresystem.com International media:
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AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the
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