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2015-08-28

Outotec Oyj: Arbitral award confirmed Outotec's joint ownership rights for ferroalloys technology patents and confirmed Outokumpu's breach of cooperation agree

OUTOTEC OYJ PRESS RELEASE AUGUST 28, 2015 at 4:20 PM

Arbitral award confirmed
Outotec's joint ownership rights for ferroalloys technology patents and
confirmed Outokumpu's breach of cooperation agreement

Outotec commenced arbitration proceedings in the patent dispute against
Outokumpu Oyj on February 14, 2014. The dispute concerns the rights to
inventions relating to ferroalloys technology, for which Outokumpu has
applied for patents without Outotec's permission. The parties had concluded
their mutual Technology Cooperation Agreement in 2006.

According to the award issued by the Arbitral Tribunal on August 28, 2015:
rights of ownership and use ferroalloys technology inventions belong to both
Outotec and Outokumpu jointly. In addition, the Arbitral Tribunal stated that
Outokumpu had breached the Technology Cooperation Agreement by applying for
the patents alone and by omitting to inform Outotec of its intention to file
patent applications for the said inventions.

Arbitral Tribunal also confirmed that Outotec has the exclusive right to
commercially use the said inventions after Outotec and Outokumpu have agreed
on the issue.

Outotec's claims for compensation were dismissed as premature.

Outotec will peruse the award in more detail and disclose separately its
possible implications on the legal proceedings related to the same
technologies at the Helsinki District Court.

"Confirming Outotec's rights to these patents is important with regard to
Outotec's ability to commercialize this new technology. Outotec has developed
methods for processing ferroalloys for decades, and this new technology opens
up new business opportunities for Outotec", says Outotec's CTO Kari Knuutila.

The arbitral award on the ferroalloys technology patent dispute will not
impact Outotec's financial guidance for 2015.

For further information please contact:

OUTOTEC

Nina Kiviranta, General Counsel
Tel. +358 50 598 8805

Kari Knuutila, Chief Technology Officer
Tel. +358 40 779 9566

Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198

Emails: firstname.lastname@outotec.com

DISTRIBUTION:
Main media
www.outotec.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Outotec Oyj via Globenewswire

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