KONE Corporation, pressrelease, August 17, 2012
KONE and Inventio AG, a company of the SchindlerGroup, have signed a settlement agreement regarding Inventio'spatent family related to RFID call input technology for elevators,including EP Patent No. 699 617, US Patent No. 5,689,094 and others(the "Patents").
The parties reached the agreement on their disputeover the use of the Patents prior to initiating patent litigationin the matter. The settlement agreement provides KONE a license touse the Patents in its operations worldwide against an agreedconsideration. The specific terms of the agreement areconfidential.
For further information,please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONECorporation, tel. +358 204 75 4775
About KONE
KONE is one of the global leaders in the elevator and escalatorindustry. The company has been committed to understanding the needsof its customers for the past century, providing industry-leadingelevators, escalators and automatic building doors as well asinnovative solutions for modernization and maintenance. Thecompany's objective is to offer the best People Flow® experience bydeveloping and delivering solutions that enable people to movesmoothly, safely, comfortably and without waiting in buildings inan increasingly urbanizing environment. In 2011, KONE had annualnet sales of EUR 5.2 billion and on average 35,000 employees. KONEclass B shares are listed on the NASDAQ OMX Helsinki Ltd inFinland.