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      KPS and Piab logos

      Piab AB and KPS - Korea Pneumatic System Co., Ltd.

      Date 4/27/2011

      Piab AB and KPS – Korea Pneumatic System Co., Ltd. amicably settled all pending patent disputes concerning their respective relevant vacuum pump technologies on a worldwide basis.

      The parties agreed that they are entitled to continue the production, distribution and development of their own technology without limitations and without changes. PIAB is in particular entitled to distribute its COAX® Vacuum Cartridge system and KPS its entitled to distribute is Vtec/VMECA Vacuum Cartridge system. The Parties furthermore ended all disputes relating to the respective patents of the parties.

      Piab Contact:
      Mrs. Häla El Sheemy Washbrook
      Phone: +46-8630 2574
      E-mail: hala.e.washbrook@piab.com

      KPS Contact:
      Mr. Ho Young Cho
      Phone: +82-226175008
      E-mail: young@vtec.dk

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