Polypore International Inc.(PPO) and Sumitomo Chemical Co., Ltd. reported that they have entered into a Settlement and License Agreement which ends all outstanding worldwide litigation between the two companies related to PPO's intellectual property rights on battery separator coating.
Under the License Agreement, Sumitomo Chemical has licensed PPO's intellectual property related to coating separators for lithium-ion batteries. The financial terms of the Agreement include an up-front payment to PPO as well as recurring royalties.
Shares of PPO climbed slightly $0.43 (or +1.14%) to $38.01 on Friday's market activity.
PPO is a global high technology filtration company specializing in microporous membranes. PPO's flat sheet and hollow fiber membranes are used in specialized applications that require the removal or separation of various materials from liquids, primarily in the ultrafiltration and microfiltration markets.
More about Polypore International Inc.(PPO) at www.polypore.net
Crown Equity Holdings Inc.(CRWE) is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.
Social networking services are changing the ways in which people use and engage with the Internet and with each other. A social networking service is an online service provided to the public for social interaction between families, friends, and also for gaining new friends over the internet.
Social networking has expanded into other areas as well, introducing mobile access via smartphones, offering the same accessibility and interaction that users get when using their computer.
CRWE is currently developing a social networking service and phone app, CRWE Network (CRWE-PR), that is designed to target all the communities in every state of the United States.
CRWE‘s business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.
On Friday’s trading session, CRWE stock jumped $0.001 (or +20.00%) to $0.006 per share.
CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher.
More about Crown Equity Holdings Inc.(CRWE) at www.crownequityholdings.com
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