AERT Litigation Update; U.S. Court of Appeals Dismisses Mobil and AERT Appeals.Business Editors & Environmental Writers SPRINGDALE, Ark.--(BUSINESS WIRE)--Dec. 8, 2000 Advanced Environmental Recycling Technologies Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ), a leader in wood composite technology, announced today that the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. has dismissed without opinion, the appeal by Mobil of its claim for $2.7 million in attorney fees against AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. AERT Chairman, Joe G. Brooks, "This is the third and hopefully final time AERT will have to prevail on this issue." In addition, the court also dismissed the AERT cross-appeal for a new trial concerning the invalidity of two patents at issue. "Since the Court only received oral arguments this past Tuesday, this is a very welcome and expedited decision," stated Brooks. AERT counterclaims against Mobil are still pending in Delaware, although Mobil is no longer in the composite business. Advanced Environmental Recycling Technologies Inc. manufactures a growing line of composite building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . made from recycled polyethylene plastic and waste wood fiber. The Company's products are marketed under the trade names MoistureShield(R) and ChoiceDek(R) for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. homebuilding market. AERT currently operates a manufacturing facility in Texas and a recycling and manufacturing facility in Arkansas. Certain of the statements made in this press release by Joe G. Brooks are forward-looking statements within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company's Securities Commission filings. |
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