Successful legal settlement of patent dispute

7 Oct 2024

Eckoh plc

(“Eckoh”, the “Group”, or the "Company")

Successful legal settlement of patent dispute

 

Eckoh plc (AIM: ECK), the global provider of Customer Engagement Data Security Solutions, today confirms that after a protracted legal and subsequent arbitration process relating to a historic patent dispute brought by a competitor, it is pleased to confirm that the process has been successfully concluded to Eckoh's benefit and under a Settlement Agreement Eckoh is being paid a sum of £2.25m, which represents the substantial majority of costs (accounted for as exceptional items) it has incurred over the past two and half years.

The Agreement also provides legal certainty that there can be no future litigation brought by the competitor against Eckoh relating to the patent family in question.

For more information, please contact:

Eckoh PLC
Nik Philpot, Chief Executive Officer
Chrissie Herbert, Chief Financial Officer
Tel: +44 (0) 1442 458 300
www.eckoh.com

FTI Consulting LLP
Ed Bridges / Emma Hall / Valerija Cymbal / Yasmin Prior
Tel: +44 (0) 203 727 1017
eckoh@fticonsulting.com

Singer Capital Markets (Nomad & Joint Broker)
Shaun Dobson / Tom Salvesen / Alex Bond
Tel: +44 (0) 20 7496 3000
www.singercm.com

Investec Bank plc (Joint Broker)
Patrick Robb / Nick Prowting / Shalin Bhamra
Tel: +44(0) 20 7597 5970
www.investec.com