Nikon, ASML and Carl Zeiss sign agreement to settle all litigation
January 23 2019 - 1:01AM
TOKYO, Japan, VELDHOVEN, the Netherlands and
OBERKOCHEN, Germany - January 23, 2019 - Nikon Corporation
("Nikon") (TYO: 7731), ASML Holding N.V. ("ASML") (NASDAQ: ASML)
and Carl Zeiss SMT GmbH ("Zeiss") have signed a Memorandum of
Understanding relating to a comprehensive settlement of all legal
proceedings over patents for lithography equipment and digital
cameras.
The Memorandum of Understanding is
a binding agreement that concerns all pending disputes between
Nikon, ASML and Zeiss in Europe, Japan and the United States,
including at the U. S. International Trade Commission. The
three companies expect to execute a definitive settlement and
cross-license agreement and dismiss all legal proceedings between
the parties in February 2019. The terms of the Memorandum
include a payment to Nikon by ASML and Zeiss of a total of EUR 150
million (approximately 19.0 billion Japanese Yen*).
Furthermore, the cross-license agreement contemplated by the
Memorandum includes mutual royalty payments of 0.8% over the sales
of immersion lithography systems for 10 years from the signature
date of the parties' definitive agreement.
* Based on an exchange rate of 1
EUR = 125 yen
ASML
Media Relations Contacts |
ASML
Investor Relations Contacts |
Monique Mols, phone +31 6 528 444 18 |
Skip
Miller, phone +1 480 235 0934 |
Lucas
van Grinsven, phone +31 6 1019 9532
|
Marcel
Kemp, phone +31 40 268 6494 |
Brittney Wolff Zatezalo, phone +1 408 483 3207
|
Craig
DeYoung, phone +852 2295 1168 |
About ASML
ASML is one of the world's leading manufacturers of chip-making
equipment. Our vision is a world in which semiconductor technology
is everywhere and helps to tackle society's toughest challenges. We
contribute to this goal by creating products and services that let
chipmakers define the patterns that integrated circuits are made
of. We continuously raise the capabilities of our products,
enabling our customers to increase the value and reduce the cost of
chips. By helping to make chips cheaper and more powerful, we help
to make semiconductor technology more attractive for a larger range
of products and services, which in turn enables progress in fields
such as healthcare, energy, mobility and entertainment. ASML is a
multinational company with offices in more than 60 cities in 16
countries, headquartered in Veldhoven, the Netherlands. We employ
more than 23,000 people on payroll and flexible contracts
(expressed in full time equivalents). ASML is traded on Euronext
Amsterdam and NASDAQ under the symbol ASML. More information about
ASML, our products and technology, and career opportunities is
available on www.asml.com.
Regulated Information
This press release contains inside information within the meaning
of Article 7(1) of the EU Market Abuse Regulation.
Forward-Looking Statements
This press release contains forward looking statements, which you
can generally identify by the use of words like "may", "will",
"expect", "contemplate" and variations of these words or comparable
words. The forward looking statements contained herein include
statements relating to the Memorandum of Understanding, the
expectation of executing a definitive settlement and cross-license
agreement and dismissal of all legal proceedings in February 2019
and the terms of such agreements and related matters. These
statements are not historical facts, but rather are based on
current expectations, estimates, assumptions and projections and
you should not place undue reliance on them. Forward-looking
statements do not guarantee future performance and involve risks
and uncertainties. These risks and uncertainties include, without
limitation, the risk that definitive agreements are not entered
into within the expected time-frame indicated above or at all and
risks relating to the terms of such agreements and other risks
indicated in the risk factors included in ASML's Annual Report on
Form 20-F and other filings with the US Securities and Exchange
Commission. These forward-looking statements are made only as of
the date of this document. We do not undertake to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Link to Press Release
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announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ASML Holding via Globenewswire
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