Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that it has accepted service of court proceedings filed by PGS Australia Pty Ltd relating to the acquisition of seismic data on 3 surveys in Australia and the processing of that data.
These proceedings follow 3 years of intermittent correspondence from PGS in response to which Polarcus, supported by leading patent counsel, has provided overwhelming evidence that Polarcus' activity did not intersect the patent. The claim will be vigorously contested and has no impact on any project outside Australia.
PGS' principal claim under its patent has previously been held to be unpatentable by the United States Patent and Trademark Office and Polarcus intends to challenge the validity of all relevant aspects of PGS' Australian patent.
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