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Arbitration Update

23 Sep 2011 07:00

RNS Number : 7916O
KBC Advanced Technologies plc
23 September 2011
 



 

 

 

 

 

23 September 2011

 

KBC Advanced Technologies plc

("KBC" or "the Group")

 

Arbitration update

 

 

We have previously reported that an arbitration process had been commenced by a competitor alleging KBC was making unauthorised use of certain software code. We are pleased to announce that an award has now been made in favour of KBC which dismisses all the claims as unfounded.

 

-Ends-

 

KBC Advanced Technologies plc

George Bright, Chief Executive

Nicholas Stone, Operations and Finance Director

01932 236314

 

 

Weber Shandwick Financial

Nick Oborne/Stephanie Badjonat

020 7067 0700

Cenkos Securities plc

Jon Fitzpatrick

Neil McDonald

020 7397 8900

0131 220 6939

 

About KBC:

For 30 years KBC's consultants have provided independent strategic and engineering expertise to enable leading companies in the global energy business and other process industries to manage risk while maximising value from their assets.

In times of economic uncertainty and increasing environmental pressure, KBC's proprietary methodologies and innovative tools guide its clients' key strategic decisions, enabling them to prioritise and implement initiatives that maximise return on investment, and improve operational performance. KBC offers Strategic and Market, Capital Investment, Operating, Organisational and Environmental Solutions.

 

For more information, visit www.kbcat.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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