Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) hereby announces that it has today been advised that WesternGeco L.L.C. ("WesternGeco") on 15 August 2013 filed a lawsuit against Polarcus US Inc and Polarcus Limited by way of complaint for patent infringement in the Southern District of Texas, Houston.
The announced patent infringement relates to the same patents as are involved in the dispute between WesternGeco and ION Geophysical Corporation.
Polarcus has not yet received the official notification from the court of the Southern District of Texas.
Polarcus will review the complaint filed by WesternGeco with its lawyers and inform the market further in due course.
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OSE: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)