Enea has come to a 20 MSEK settlement agreement with a large customer
Stockholm, Sweden, April 4, 2019 Enea® (Nasdaq Stockholm: ENEA)
Enea has come to a settlement agreement with the large customer with which Enea has had a long discussion resulting, among other things, in an arbitral award in January 2018. The settlement covers historic royalty payments up to and including 2018 and entitles Enea to an additional amount of 20 MSEK. The full amount will be recognized in the first quarter 2019. This marks the end and full closure of a multi-year discussion with the customer. “We are happy to have come to this settlement and expect that this agreement will also contribute to a re-start of a mutually beneficial and continued cooperation with this large customer.”, says Anders Lidbeck, President & CEO Enea AB.
This information is information that Enea AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set below, on April 4, 2019 at 11:10 CET.
For more information visit www.enea.com/investors or contact:
Anders Lidbeck, President & CEO
Renee Johnson, Executive Assistant
Phone: +46 70 971 01 78
Enea develops the software foundation for the connected society. We provide solutions for mobile traffic optimization, subscriber data management, network virtualization, traffic classification, embedded operating systems, and professional services. Solution vendors, systems integrators, and service providers use Enea to create new world-leading networking products and services. More than 3 billion people around the globe already rely on Enea technologies in their daily lives. Enea is listed on Nasdaq Stockholm. For more information: www.enea.com
Enea®, Enea OSE®, Netbricks®, Polyhedra®, Zealcore®, Enea® Element, Enea® Optima, Enea® LINX, Enea® Accelerator, Enea® dSPEED Platform and COSNOS® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Polyhedra® Lite, Enea® System Manager, Enea® ElementCenter NMS, Enea® On-device Management and Embedded for LeadersTM are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2019