AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Nel ASA

Legal Proceedings Report Dec 2, 2017

3670_rns_2017-12-02_6cf780fe-9298-4514-8592-b57cb1a798f1.html

Legal Proceedings Report

Open in Viewer

Opens in native device viewer

Nel ASA: Rejects PDC compressor claim

Nel ASA: Rejects PDC compressor claim

(Oslo, 2 December 2017) Nel ASA's Danish subsidiary company, Nel Hydrogen A/S

(Nel) has received a writ of summons from one of its American suppliers, PDC

Machines, Inc. (PDC) regarding alleged misappropriations of compressor trade

secrets. After a thorough investigation of PDC's claims, with the assistance of

external experts, Nel Hydrogen A/S strongly rejects the allegations.

PDC claims that Nel has misappropriated PDC's trade secrets by filing the

international patent application no. WO2016/184468, titled "Diaphragm Compressor

with an Oblong Shaped Chamber" on 12 May 2016 and otherwise has utilized PDC's

trade secrets in Nel's development of a diaphragm compressor.

"A compressor is a component in a hydrogen refueling station, including Nel's

H2Stations. Since compressors generally available on the market are not

developed specifically for use in hydrogen refueling stations, Nel has carried

out substantial development efforts for more than five years with the aid of

public funding. The purpose has been to develop a diaphragm compressor which is

especially designed for use in hydrogen fueling applications, with increased

performance and durability, which will be fully integrated into and adapted for

the H2Stations. After a thorough investigation of PDC's claims, with the

assistance of external experts, we see the allegations from PDC as unfounded and

strongly reject the allegations," says Jørn Rosenlund, Senior Vice President,

Nel Hydrogen Fueling.

Nel will not record any provisions related to this claim. The writ of summons

was filed with the United States District Court in the Eastern District of

Pennsylvania.

ENDS

For further information, please contact:

Bent Skisaker, CFO, Nel ASA, +47 468 21 693

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to

produce, store and distribute hydrogen from renewable energy. We serve

industries, energy and gas companies with leading hydrogen technology. Since its

foundation in 1927, Nel has a proud history of development and continual

improvement of hydrogen plants. Our hydrogen solutions cover the entire value

chain from hydrogen production technologies to manufacturing of hydrogen fueling

stations, providing all fuel cell electric vehicles with the same fast fueling

and long range as conventional vehicles today.

Talk to a Data Expert

Have a question? We'll get back to you promptly.