ExxonMobil and Chevron Phillips Settle Patent Disputes.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 24, 2001 ExxonMobil Chemical Company and Chevron Phillips Chevron Phillips is a chemical producer jointly owned by Chevron Corporation and ConocoPhillips. The company was formed July 1st, 2000 by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company. Chemical Company LP today announced the settlement of all intellectual property disputes between them relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc metallocene catalyst Metallocene catalyst A transition-metal atom sandwiched between ring structures having a well-defined single catalytic site and well-understood molecular structure used to produce uniform polyolefins with unique structures and physical properties. technology and polymer composition. The confidential settlement agreement includes a cross license of certain ExxonMobil metallocene patent rights to Chevron Phillips and certain Chevron Phillips polyethylene polymer composition patent rights to ExxonMobil with the ability of both parties to pass immunity from suit to their customers. In addition, Univation Technologies and Chevron Phillips Chemical Company LP today separately announced they have signed an agreement granting each other certain patent rights related to polyethylene manufacturing process technologies. "With this settlement, ExxonMobil Chemical now has no outstanding patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. 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. over EXXPOL(TM) metallocene technology anywhere in the world," said James P. Harris, senior vice president, Polymers, ExxonMobil Chemical Company. "Our metallocene patent estate is widely recognized. This is good news for customers, as it further unlocks the pathway for development of metallocene technology which continues to hold great promise to benefit the plastics and specialty rubber industries." "We are pleased to settle these disputes," said Tim Taylor, senior vice president, Olefins and Polyolefins, Chevron Phillips. "We will continue to concentrate on bringing high performance products to the market." ExxonMobil Chemical is a global leader in technology, product quality and customer service with petrochemical manufacturing and/or marketing operations in more than 150 countries around the world. The company is the world's largest supplier of polyolefins -- polyethylene and polypropylene. Chevron Phillips Chemical Company LP is one of the world's top producers of olefins and polyolefins and is a leading supplier of aromatics, alpha olefins, styrenics and specialty chemicals. Headquartered in Houston, Texas, CPChem has assets of more than $6 billion and is owned equally by Chevron Corporation and Phillips Petroleum Company Phillips Petroleum Company was founded in 1917 by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. Their younger brother, Waite Phillips was the benefactor of Philmont Scout Ranch. Phillips Petroleum was headquartered in Bartlesville, Oklahoma. . To find out more about ExxonMobil Chemical visit www.exxonmobilchemical.com To find out more about Chevron Phillips visit www.cpchem.com The term "ExxonMobil Chemical" may include one or more affiliates of Exxon Mobil Corporation Exxon Mobil Corporation U.S.-based oil and gas company formed in 1999 through the merger of Exxon Corp. and Mobil Corp. It has investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and ores. or ExxonMobil Chemical Company, a division of Exxon Mobil Corporation. EXXPOL, a trademark of Exxon Mobil Corporation, have been licensed for use to Univation Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . |
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