VARTA and Mic-Power settle patent disputes

VARTA AG has reached a settlement with one of its competitors, the Chinese battery producer Guangdong Mic-Power New Energy Co., Ltd. (“Mic-Power”).  The agreement concludes one of the German technology company’s long-running litigations involving some of VARTA’s patents on its CoinPower lithium-ion button cell batteries and Mic-Power patents covering its coin cell batteries.  VARTA produces these cells in Germany exclusively and is the main supplier to most premium TWS headsets manufacturers.  The company has taken up legal actions in the biggest markets for TWS based on claims that its patents have been violated.  The settlement demonstrates VARTA’s commitment to protect its investment in R&D and intellectual property, and its role as a global leader in innovation in lithium-ion technology.

The settlement includes the dismissal of all patent litigations globally between the parties, and a commitment by both parties to resolve all future patent disputes related to these technologies globally in mediation proceedings.  The specific terms of the settlement remain confidential.

According to Rainer Hald, CTO of VARTA AG: “The settlement is a great achievement.  We were able to resolve a dispute involving our CoinPower technology, which represents a break-through advance especially for the True Wireless Stereo Headset industry.  We have secured our investment with strong patents and have taken measures to defend them, and will continue to do so in the future.”

The settlement came in advance of a scheduled patent infringement trial against Mic-Power in Texas and followed the U.S. Patent and Trademark Office’s decisions regarding a number of VARTA U.S. patents Mic-Power and its customers had challenged. Litigation in Germany and China has also been ended as a result of this settlement.

                                                     

Press contact

VARTA AG
Dr. Christian Kucznierz
Head of Corporate Communications

VARTA-Platz 1
73479 Ellwangen

Phone: +49 (7961) 921 – 2727


About VARTA AG

VARTA AG produces and markets a comprehensive battery portfolio from micro batteries, household batteries, energy storage systems to customer-specific battery solutions for a variety of applications and, as a technology leader, sets industry standards in important areas. As the parent company of the group, it operates in the business segments "Lithium-Ion Solutions & Microbatteries" and "Household Batteries". The "Lithium-Ion Solutions & Microbatteries" segment focuses on microbatteries, lithium-ion coin power, lithium-ion round cells (lithium-ion large cells) and the lithium-ion battery pack business. Through intensive research and development, VARTA sets global standards in many areas of lithium-ion technology and microbatteries, making it a recognized innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries. The “Household Batteries” segment comprises the battery business for end customers, including household batteries, accumulators, chargers, portable power (power banks) and lights as well as energy storage devices. The VARTA AG Group currently employs almost 4,800 people. With five production and manufacturing facilities in Europe and Asia as well as sales centers in Asia, Europe and the USA, the operating subsidiaries of VARTA AG are currently active in over 75 countries around the world.