Ltd. infringed Glaston’s Canadian Patent Nos. 1,308,257 and 2,146,628, and ordered that Shanghai Northglass pay damages in an amount to be assessed.
On 29 April, 2014, the Federal Court gave its decision on the damages. The Court ordered Shanghai Northglass to pay damages to Glaston in the total amount of approximately EUR 1.3 million, including interest. Glaston will not book any compensation in its financial results until the date of payment has been confirmed.
Glaston Group will continue to be active in protecting its Intellectual Property Rights globally and has currently several proceedings and investigations ongoing in Europe, USA and Asia.
For further information, please contact
Taina Tirkkonen, General Counsel, Glaston Corporation, Tel. +358 10 500 500
Director, Communications and Marketing
Glaston is a global company developing glass processing technology for architectural, solar, appliance and automotive applications. Our product portfolio ranges from pre-processing and safety glass machines to services. We are dedicated to our customers’ continued success and provide services for all glass processing needs with a lifecycle-long commitment in mind. For more information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.