Court Orders Northglass to Pay Damages in Patent Infringement Case
In November 2010, Canada’s Federal Court in Toronto ruled that Shanghai Northglass Technology & Industry Co. Ltd. infringed on two of the Glaston’s patents, and ordered that Shanghai Northglass pay damages in an amount to be assessed, according to Glaston officials. On 29 April, 2014, the Federal Court gave its decision on the damages.
The Court ordered Shanghai Northglass to pay damages to Glaston in the total amount of approximately EUR 1.3 million, including interest. Glaston will not book any compensation in its financial results until the date of payment has been confirmed.