Sterlite Technologies Concludes UK Patent Litigation Following EPO Technical Board's Patent Revocation
Sterlite Technologies Ltd has announced a significant development in its pending litigation against Fujikura LTD regarding patent infringement claims. A decision by the European Patent Office's Technical Board of Appeal resulted in the complete revocation of Fujikura's patent, effectively bringing a formal end to the dispute over Sterlite’s Celesta cable family.The outcome concerns patent EP3796060, which was the subject of infringement litigation in the UK involving Fujikura LTD and Fujikura Europe Limited. The Technical Board of Appeal revoked this patent entirely. This non-appealable decision marks a favorable conclusion for Sterlite Technologies in this specific matter.
Following the resolution of the patent dispute, the Company has initiated legal action to pursue the recovery of defense costs from Fujikura.
Details pertaining to the litigation are summarized below:
| Particulars | Description |
|---|---|
| Opposing Parties | Fujikura LTD and Fujikura Europe Limited |
| Litigation Body | Technical Board of Appeal of European Patent Office, Germany |
| Dispute Focus | Revocation of patent EP3796060 concerning patent infringement in the UK. |
| Status Update | The patent was revoked in its entirety by the Technical Board of Appeal, bringing a formal end to the UK patent litigation regarding Sterlite's Celesta cable family. |
The outcome represents a positive turn for Sterlite Technologies following the resolution of this specific international intellectual property dispute.
STLTECH Stock Price Movement
Today, Sterlite Technologies Limited closed edging higher in the market, gaining 1.88% to settle at ₹573.2. The stock traded within a range of ₹534.5 and ₹585 throughout the day, reporting a solid volume of 4.2 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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