HeiQ PLC Statement Confirming Settlement (1979V)
30 Novembre 2023 - 8:06AM
UK Regulatory
TIDMHEIQ
RNS Number : 1979V
HeiQ PLC
30 November 2023
This announcement contains inside information
30 November 2023
HeiQ Plc
("HeiQ" or "the Company")
Statement Confirming Settlement
HeiQ Plc (LSE: HEIQ), a leading company in materials innovation
and hygiene technologies, provides the below update regarding the
resolution of litigation and the termination of an exclusive
agreement between its subsidiary HeiQ Materials AG and ICP
Industrial Inc. ("ICP").
The Company has reached a settlement of the litigation with ICP,
which includes dismissal of claims and counterclaims by both
parties with prejudice. ICP has agreed to pay HeiQ Plc a total of
USD $2.75 million. This settlement has been reached without
admission of liability by either party and is accompanied by mutual
general releases, and resolves all outstanding matters between the
parties.
Following this statement, no further comment will be made.
For further information, please contact:
HeiQ Plc +41 56 250 68
Carlo Centonze (CEO) 50
Cavendish Securities Plc (Broker) +44 (0) 207 397
Stephen Keys / Callum Davidson 8900
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SEC Newgate (Media Enquiries) +44 (0) 20 3757
Elisabeth Cowell / Tom Carnegie / Molly 6882
Gretton HeiQ@s ecnewgate
.co.uk
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About HeiQ
HeiQ is a Swiss-based international company that innovates
pioneering and differentiating materials in partnership with
established global brands. We bridge the academic and commercial
worlds to conceive performance-enhancing materials and
technologies, working with aligned brands to research, manufacture
and bring products to market, aiming for lab to consumer in months.
Our goal is to improve the lives of billions by innovating the
materials that go into everyday products, making them more
hygienic, comfortable, protective, and sustainable.
Our strong IP portfolio positions us as an innovation leader for
niche, premium and high-margin products in the textile chemicals,
man-made fibers, paints and coatings, antimicrobial plastics,
probiotics and household cleaner markets. We have also expanded
into healthcare facilities, probiotic cleaning, and hygiene
coatings markets to help make hospitals and healthcare environments
more hygienic
We have developed over 200 technologies in partnership with 300
major brands. With a substantial research and development pipeline,
including key technology development projects HeiQ AeoniQ, HeiQ
ECOS, HeiQ GrapheneX, and HeiQ Synbio, HeiQ aims to deliver
shareholder value through sales growth and entry into new lucrative
markets through disruptive innovation and M&A.
We have built a strong reputation for ESG & sustainable
innovation, having won multiple awards including the Swiss
Technology Award twice and the Swiss Environmental Award. Under
experienced leadership, we are committed to driving our profit in
close connection with people and the planet. For more information,
please visit www.heiq.com .
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END
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