Neodrill AS
post@neodrill.com

+47 51 94 59 00

Kanalsletta 4
4033 Stavanger
Norway

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© 2019 Neodrill AS
Developed by Project Neon AS

Statement following Equinor settlement

22 March 2019

We are pleased to have entered into a settlement with Equinor, ending the dispute over the validity of our patents for the CAN technology.

Through the settlement Equinor have acquired a global license for the use of Neodrill's technology.

 

We are unable to disclose any financial information in relation to the settlement.

 

It is very gratifying to be putting this case behind us, knowing that our patents are carved in stone.

 

Equinor continues to hold shares in Neodrill, having been the second largest owner of Neodrill since 2010.

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