Velocys plc (VLS.L) says that the UK High Court has ruled in its favour in the patent infringement case it brought against CompactGTL Ltd.
The case, filed by Velocys in March 2013, concerns infringement by CompactGTL in relation to its smaller scale Fischer-Tropsch (FT) technology. (FT is regarded as the core process in any gas-to-liquids plant).
The judgment upheld the validity of the two patents in suit (known as ‘508 and ‘509), and found CompactGTL to be infringing both patents – six separate patent claims in total – based on CompactGTL’s sworn statements to the court concerning their technology and its intended use. (A copy of the judgement can be obtained from the Courts Recording and Transcription Unit of the Royal Courts of Justice).
Velocys has a very substantial patent portfolio comprising more than 900 patents, covering a broad range of countries, which protects key inventions relevant to smaller scale GTL. The Company also holds a significant inventory of trade-secrets which it has gained through years of development and practice. Moreover, Velocys actively ensures it maintains strict freedom to operate for its own business.