Nel ASA’s Danish subsidiary Nel Hydrogen A/S (NH A/S) and PDC Machines, Inc. (PDC) have settled their legal dispute.
PDC, one of NH A/S’ American suppliers, issued a writ against NH A/S in December 2017 over alleged misappropriations of compressor trade secrets.
But the dispute has been settled and the parties will continue their joint efforts to provide products and services to customers in the hydrogen industry.
“We are very happy to put this behind us. With all the opportunities we see throughout the hydrogen industry, we can now spend all our energy in moving forward” says Jon André Løkke, CEO of Nel.
Nel ASA, a Norway-based provider of renewable hydrogen solutions, reported the “expected negative impact” of legal costs was communicated in the outlook in the Company’s Q2 2018 interim report.
“The PDC business family is happy to put this challenging process in the past and move ahead with vigor in supporting our mutual business moving ahead,” says Kareem Afzal Vice President of PDC Machines, Inc.
Pennsylvania-based PDC offers a broad selection of standard and custom-designed gas diaphragm compressors with a comprehensive assortment of options.