October 17, 2003

Patent dispute ends

Stena Rederi and Austal Ships have issued the following statement:

"In a gratifying end to the long standing patent infringement disputes in various countries, Swedish company Stena Rederi AB and the Australian ship builder Austal Ships have reached an amicable settlement. The disputes arose by way of Stena's claims in the patents relating to the use of lattice work in the superstructure of catamarans. As part of the settlement Stena will not pursue its claims against operators in Denmark, Greece, U.K . and Ireland and elsewhere nor against Austal who has built the vessels. Austal in turn has agreed that for use of the patents it will take a royalty paying license from Stena."

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