Arbitration Update (7916O)

TIDMKBC

RNS Number : 7916O

KBC Advanced Technologies plc

23 September 2011

KBC Advanced Technologies plc

("KBC" or "the Group")

Arbitration update

We have previously reported that an arbitration process had been commenced by a competitor alleging KBC was making unauthorised use of certain software code. We are pleased to announce that an award has now been made in favour of KBC which dismisses all the claims as unfounded.

-Ends-

 
 KBC Advanced Technologies plc 
 George Bright, Chief Executive 
  Nicholas Stone, Operations and Finance Director      01932 236314 
 
 Weber Shandwick Financial 
 Nick Oborne/Stephanie Badjonat                       020 7067 0700 
 
 Cenkos Securities plc 
 Jon Fitzpatrick                                      020 7397 8900 
  Neil McDonald                                       0131 220 6939

About KBC:

For 30 years KBC's consultants have provided independent strategic and engineering expertise to enable leading companies in the global energy business and other process industries to manage risk while maximising value from their assets.

In times of economic uncertainty and increasing environmental pressure, KBC's proprietary methodologies and innovative tools guide its clients' key strategic decisions, enabling them to prioritise and implement initiatives that maximise return on investment, and improve operational performance. KBC offers Strategic and Market, Capital Investment, Operating, Organisational and Environmental Solutions.

For more information, visit www.kbcat.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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