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August 14, 2015
ANNOUNCEMENT NO. 41
Issue of Danish preliminary injunction of older products has no impact on
the company’s financial guidance for 2015
The Danish Eastern High Court has today issued a preliminary injunction covering
certain older products on the Danish market only. The preliminary injunction is
based on a request filed by Oticon for alleged patent infringement.
The preliminary injunction does not include ReSound LiNX2 or Beltone Legend .
The only products that are relevant for the preliminary injunction are consequently
ReSound Verso and the corresponding Beltone First . Hence, no impact on GN
ReSound’s global commercial performance is expected.
GN Store Nord strongly disagrees with the ruling. GN Store Nord is of the firm
opinion that the products in question do not infringe Oticon’s patent. Furthermore,
we strongly believe that the patent is invalid. GN ReSound has already filed for
invalidity of the patent with the European Patent Office and expects that the patent
will be annulled which will lead to the lifting of the preliminary injunction. A hearing
has been scheduled for February 2016, however the provisional opinion from the
European Patent Office indicates that GN ReSound’s opposition will in most respects
be successful.
Additionally, all possible measures to appeal the decision are currently under
consideration.
The ruling today has no impact on the financial guidance for 2015.
For further information please contact:
Peter Justesen
VP – IR & Treasury
GN Store Nord A/S
Tel: +45 45 75 87 16