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Sumitomo Chemical Licenses Polypore's Intellectual Property Rights on Battery Separator Coating

Published on 2014-01-06. Author : SpecialChem

CHARLOTTE, N.C. -- Polypore International, Inc. and Sumitomo Chemical Co., Ltd. have entered into a Settlement and License Agreement which ends all outstanding worldwide litigation between the two companies related to Polypore's intellectual property rights on battery separator coating. Under the License Agreement, Sumitomo Chemical has licensed Polypore's intellectual property related to coating separators for lithium-ion batteries. The financial terms of the Agreement include an up-front payment to Polypore as well as recurring royalties.

"This agreement confirms the integrity of our intellectual property around ceramic coating of separators for lithium-ion batteries. In addition to the financial consideration of the licensing arrangement, we are pleased that this agreement establishes the opportunity for Polypore and Sumitomo to work together to address growing market needs, which we expect to benefit both companies," said Robert Toth, President and Chief Executive Officer of Polypore. "As interest in coated separator solutions continues to grow, we believe that the combined strength of our intellectual property, Sumitomo's technical expertise in coating and the exceptional performance characteristics of our separator material create an attractive solution for meeting the growth needs of existing and future customers."

About Polypore International, Inc.

Polypore International, Inc. is a global high technology filtration company specializing in microporous membranes. Polypore's flat sheet and hollow fiber membranes are used in specialized applications that require the removal or separation of various materials from liquids, primarily in the ultrafiltration and microfiltration markets. Based in Charlotte, NC, Polypore International, Inc. is one of the market leaders with manufacturing facilities or sales offices in nine countries serving six continents.

About Sumitomo Chemical

Sumitomo Chemical was established in 1913 to manufacture fertilizers from sulphur dioxide emitted from smelting operations at the Besshi copper mine in Niihama, Ehime Prefecture, with the aim of solving environmental problems caused by emissions. At present the, the Sumitomo Chemical, including over 100 subsidiaries and affiliates operates businesses in five sectors- basic chemicals, Petrochemicals, IT-related, chemicals, health & crop sciences and pharmaceuticals and provides products worldwide that support a wide variety of industries and help people's daily lives.

Source: Polypore International


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