AutoStore Holdings Ltd. – UK judgment has no impact on AutoStore’s business
Nedre Vats, 30 March 2023. AutoStore Holdings Ltd. (“AutoStore”, OSE ticker code “AUTO”) filed claims against Ocado in the UK arguing that Ocado infringed AutoStore’s patents. Today, the UK High Court dismissed AutoStore’s patent infringement case heard in March/April 2022. This decision has no impact on AutoStore’s business or operations.
AutoStore disagrees with the Court’s decision, especially given that the Technical Boards of Appeal of the European Patent Office upheld one of the patents in issue as valid just a few weeks ago.
Contacts
For further queries, please contact:
Hiva Flåskjer, Vice President Investor Relations and Norwegian media:
+47 958 66 790
Tim Danaher (UK)
+44 (0) 207 404 5959
AutoStore International media:
Emma Schultz (USA)
+1 646 644 8095
About AutoStore
AutoStore™, founded in 1996, is a technology company that develops order-fulfillment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third-party solutions. AutoStore is global, with +1,150 Systems in 49 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners". AutoStore was founded in Nedre Vats, in the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as a facility in Poland.
For more information about AutoStore, see www.autostoresystem.com.
Forward looking statements
This announcement includes forward-looking statements which include statements regarding the Company’s business strategy, financial condition, profitability, results of operations and market data, as well as other statements that are not historical facts. Words such as “believe,” “anticipate,” “plan,” “expect,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should,” “aim,” “continue,” “could,” “guidance,” “may,” “potential,” “will,” as well as similar expressions and the negative of such expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying these statements. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the applicable law, the Company does not have any intention or obligation to publicly update or revise any forward-looking statements after it distributes this announcement, whether to reflect any future events or circumstances or otherwise.