US EditionKHNP, Westinghouse reach agreement on intellectual property dispute
- Korea Hydro & Nuclear Power has reached an agreement with Westinghouse over an intellectual property rights dispute, enhancing cooperation in the nuclear energy market.
- The agreement removes a major hurdle for KHNP in building two reactors at the Dukovany Power Plant in the Czech Republic.
- The settlement is expected to foster closer ties between South Korea and the United States in the nuclear energy sector.
- The agreement allows for future collaboration on nuclear projects globally, as noted by Westinghouse President & CEO Patrick Fragman.
14 Articles
14 Articles
Korean firms KHNP and KEPCO have agreed with US company Westinghouse to settle intellectual property disputes involving nuclear technology. Reuters reported, citing a statement from KEPCO. Westinghouse also upheld the termination of all legal disputes with Korean firms. The agreement was welcomed by Czech Minister of Industry and Trade Lukáš Vlček (STAN).
KHNP, Westinghouse reach agreement on intellectual property dispute
Korea's state-run Korea Hydro & Nuclear Power (KHNP) said Friday it has reached an agreement with U.S.-based Westinghouse over an intellectual property rights dispute and to join forces in the global nuclear energy market.
Westinghouse Resolves Technology Export Dispute With Korean Companies
SASKATOON, Saskatchewan -- Cameco (TSX: CCO; NYSE: CCJ) is pleased to announce and support the resolution reached by Westinghouse Electric Company (Westinghouse) in its intellectual property dispute with Korea Electric Power Corporation and Korea Hydro & Nuclear Power Co., Ltd., (collectively KEPCO and KHNP).
Westinghouse said the agreement provides a basis for future cooperation on new nuclear power plant projects around the world.
Korean companies KHNP and KEPCO have reached an agreement with the American company Westinghouse to settle intellectual property disputes related to nuclear technologies. Reuters reported this, citing a statement from KEPCO. Westinghouse also issued a statement, in which it also announced the end of all legal disputes with Korean companies. The agreement was welcomed by the Czech Minister of Industry and Trade Lukáš Vlček (STAN).
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