The latest update is out from Neo Performance Materials Inc ( (TSE:NEO) ).
Neo Performance Materials Inc. announced that the Regional Court of Mannheim in Germany has ruled that its subsidiary, Neo Chemicals & Oxides (Europe) Ltd., is liable for damages of approximately €10.3 million plus interest, related to the infringement of a European patent. The judgment, which is less than the amount initially claimed by the plaintiff, Rhodia Opérations SAS (now Solvay), is not expected to impact Neo’s Q1 2025 earnings as the amount is already accounted for in the company’s financial statements. The patent in question has expired and does not affect Neo’s current products or earnings.
More about Neo Performance Materials Inc
Neo Performance Materials Inc. operates in the advanced materials industry, focusing on the production and supply of rare earth and rare metal-based functional materials. The company serves various markets, including automotive, consumer electronics, and environmental technologies.
YTD Price Performance: -0.12%
Average Trading Volume: 59,616
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$335.8M
See more data about NEO stock on TipRanks’ Stock Analysis page.
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