IUG Intelligent Ultrasound Group Plc

TIDMMED

RNS Number : 0517S

Medaphor Group PLC

16 December 2016

MedaPhor Group plc

("the Group" the "Company")

Patent Infringement Settlement

Further to the statement made by the Company on 27 April 2016 (RNS No. 4638W: Notice of Patent Infringement Proceedings), the Group subsidiaries, MedaPhor Limited and MedaPhor North America Inc. (collectively "MedaPhor"), announce that MedaPhor and SonoSim Inc. and The Regents of the University of California have reached an agreement in principle on a patent license and patent infringement settlement. As a result, the parties will proceed to formalize their agreement in writing, following which the lawsuit between the parties will be dismissed.

The settlement will be satisfied from the existing cash resources of the Group. The Company will provide a further update on the settlement once all documents are finalised.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulations which came into effect on 3 July 2016.

Enquiries:

 
 MedaPhor Group plc                                                    www.medaphor.com 
 Stuart Gall, CEO                                              Tel: +44 (0)29 2075 6534 
 
 Cenkos Securities                                             Tel: +44 (0)20 7397 8900 
 Bobbie Hilliam (Nominated 
  Adviser) 
 Julian Morse (Corporate Broking) 
 
 Walbrook PR                        Tel: +44 (0)20 7933 8780 or medaphor@walbrookpr.com 
 Paul McManus / Anna Dunphy                         Mob: +44 (0)7980 541 893 / Mob: +44 
                                                                        (0)7876 741 001 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGGPPPUPQUMQ

(END) Dow Jones Newswires

December 16, 2016 02:24 ET (07:24 GMT)

Intelligent Ultrasound (LSE:IUG)
Historical Stock Chart
From Apr 2024 to May 2024

Intelligent Ultrasound (LSE:IUG)
Historical Stock Chart
From May 2023 to May 2024