Ocado Group PLC Ocado and AutoStore settle all Litigation (8733G)
July 24 2023 - 2:00AM
UK Regulatory
TIDMOCDO
RNS Number : 8733G
Ocado Group PLC
22 July 2023
This Announcement contains Inside Information
OCADO GROUP PLC
2 2 July 2023
Ocado Group plc
Ocado and Auto Store settle all Litigation
Ocado Group plc ("Ocado" or the "Company") today announces that
the litigation between Ocado and Auto Store has been settled and
each party is taking steps to withdraw their actions against the
other party. The terms of the settlement are confidential, however
we can disclose that:
1. There is a cross-licence of certain patents between the
parties whereby:
-- Ocado and AutoStore have complete freedom to access and use
technology covered by each other's pre-2020 patents
-- Ocado and AutoStore are allowed to continue to use and market
their own existing products without challenge of infringement of
the other's post-2020 patents
-- AutoStore is not permitted to make or use a single-space
cavity robot in any jurisdiction where Ocado has patent
protection.
2. AutoStore will pay GBP200m to Ocado. This will be paid in 24
monthly instalments, starting in July 2023.
3. The agreement gives access to part of each party's patent
portfolio for them to use or develop their own products. It does
not provide for collaboration, technology assistance or access to
actual products.
Tim Steiner, Chief Executive Officer of Ocado Group plc,
said:
"I am pleased that we have worked together to resolve our
differences and can now continue to focus on what we do best -
innovating, developing and enabling partners to access world
beating technology"
Neill Abrams, Group General Counsel and Company Secretary, said
:
"I'm delighted that this litigation has now ended on
satisfactory terms. I'd like to thank the internal Ocado IP team
and our external counsel for their immense efforts in getting to
this result."
Contacts:
-- Tim Steiner, Chief Executive Officer, on +44 1707 228 000
-- Neill Abrams, Group General Counsel, on +44 1707 228 000
-- David Shriver, Chief Reputation Officer, on +44 1707 228
000
-- Louise Male at Teneo, on +44 20 7353 4200
Person responsible for arranging the release of this
announcement:
Neill Abrams
Group General Counsel & Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield, Hertfordshire
AL10 9UL
Fax: +44 (0)1707 228 000
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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END
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