Tekna Holding ASA

Legal Proceedings Report • Jun 26, 2024

TEKNA HOLDING ASA: Tekna secures major win in key patent dispute in Canada.

TEKNA HOLDING ASA: Tekna secures major win in key patent dispute in Canada.

26.6.2024 22:35:28 CEST | Tekna Holding ASA | Additional regulated information

required to be disclosed under the laws of a member state

ARENDAL, NO / SHERBROOKE, QC. 26 June 2024 - Tekna Holding ASA (Tekna, OSE:

TEKNA), a world-leading provider of advanced materials to industry, today

announced a significant victory in a major patent litigation case against AP&C,

a subsidiary of GE Aerospace.

In a decisive judgement released today, the Federal Court of Canada has ruled

overwhelmingly in favor of Tekna Plasma Systems Inc. ("Tekna") in an

Intellectual Property case concerning competing patent rights to produce

titanium powder in Canada. The 244-page ruling confirms that Tekna does not

infringe any of Advanced Powders & Coatings Inc.("AP&C")'s patents at issue.

Furthermore, it was ruled that AP&C's Canadian patent no. 3,003,502 is, and has

always been, invalid and void, and that AP&C's Canadian patent no. 3,051,236 is

also invalid except for a few select claims that are not infringed by Tekna in

any event.

The judge indicated: "I conclude the '502 Patent is invalid and is not infringed

by Tekna. Most of the claims of the '236 Patent are similarly invalid and none

of its claims are infringed. Tekna's action seeking declarations of invalidity

and non-infringement in respect of the '502 Patent is therefore granted. AP&C's

counterclaim seeking declarations that Tekna has infringed the '502 Patent and

the '236 Patent is dismissed."

"Our victory today is a testament to our resilience and relentless pursuit of

innovation. We remain committed to delivering superior products and services to

our customers, confident in our ability to overcome any challenge," said Luc

Dionne, CEO of Tekna. He continues: "The court ruling validates our position and

secures our commercial freedom. It further strengthens our reputation as a

trusted supplier, ensuring we can continue delivering our flagship product

without legal hindrance. Titanium powder accounts for an important percentage of

Tekna's additive materials revenues today, and will be a vital part of our

continued growth going forward.

"We are thrilled with this outcome, as it solidifies Tekna's market position and

showcases the company's unwavering dedication to excellence and innovation. This

ruling motivates us to continue pushing the boundaries in additive

manufacturing, reinforcing our leadership and defending our integrity as a

world-class provider of materials for the industry," said Dag Teigland, Chair of

the Board of Tekna Holding ASA.

The litigation was initiated by Tekna in January 2019, seeking a declaration

that AP&C's 3,003,502 Patent had always been invalid and was not infringed by

Tekna. Tekna stated in the initial Court filing that this was to dissipate any

uncertainty as to Tekna's ability to pursue its titanium powder material

manufacturing activities in Canada.

"This ruling proves our expertise in creating high-quality titanium powder. Our

team successfully exposed the flaws in the competing patents, showcasing our

ability to navigate through complex scientific challenges", says Richard Dolbec,

Program Director Emerging Technologies.

Reference is made to the Tekna Holding ASA 2023 Board of Directors' report (page

25 of the Annual Report 2023). Patent invalidated: CA3,003,502 titled "Metal

powder atomization manufacturing processes". Patent partially invalidated:

CA3,051,236 with the same title.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Arina Van Oost, Investor Relations | VP Corporate Strategic Development &

Innovation, Tekna Holding ASA, +33670115190, investors@tekna.com

ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of advanced materials to industry,

headquartered in Sherbrooke, Canada.

Tekna produces high-purity metal powders for applications such as 3D printing in

the aerospace, medical and automotive sectors, as well as optimized induction

plasma systems for industrial research and production. With its unique,

IP-protected plasma technology, the company is well positioned in the growing

market for advanced nanomaterials within the electronics and batteries

industries.

Building on 30 years of delivering excellence, Tekna is a global player

recognized for its quality products and its commitment to its large base of

multinational blue-chip customers. Tekna's powder products increase productivity

and enable more efficient use of materials, thereby paving the way towards a

more resilient supply chain and circular economy.

https://www.tekna.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847682/3119/4705/Download%20announcement

%20as%20PDF.pdf

LINKS

Federal Court of Canada - Judgement released 26 June 2024 -

https://2094793.fs1.hubspotusercontent-na1.net/hubfs/2094793/Investor%20pages/T-

126-19_20240607_JR_E_O_OTT_20240626131743_MC2_2024_FC_871.pdf