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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