(Nedre Vats, 24 January 2022) AutoStore Holdings Ltd. (AutoStore, OSE:AUTO) continues all the patent infringement lawsuits that the AutoStore Group filed in late 2020 against Ocado Group. These actions are in several venues, including the U.S. International Trade Commission and the U.K. High Court, and seek (among other remedies) injunctions barring the manufacture, sale, and use of Ocado's infringing products in the U.S. and the U.K., as well as monetary damages. Ocado itself has initiated litigation against AutoStore in the U.S. and Germany, alongside oppositions in the European Patent Office.

We highlight recent positive developments for AutoStore in the European litigation as follows:

· Last week, the European Patent Office upheld the validity of a key AutoStore patent - the second in this patent family that the EPO has upheld - which is part of our ongoing action in the U.K. 

· We also sharpened our ongoing action in the U.K. proceedings to focus on three particular patents, and we are in the midst of adding two more patents to the suit. We took this action to further strengthen our patent infringement case against Ocado.  

· In proceedings before the Mannheim District Court last month, Ocado's request for an injunction against AutoStore's Black Line robots, based on one of its German utility models, was not granted. The Court considered that the Ocado utility model was likely to be invalid and accordingly invited further submissions from Ocado, pending a further hearing next month. Other proceedings in relation to the Black Line range of robots are ongoing but will have no commercial impact on AutoStore.

None of these legal developments affects the operations or success of our growing global business. As the pioneer of cube storage automation, we have secured hundreds of patents since our founding. As demonstrated by the launch of the R5+ robot on the 13th January 2022, AutoStore continues to develop the next generation of robots and solutions to remain the technology leader in this space. AutoStore now has more than 770 systems in 40 countries, is represented in a variety of industries, and our business continues to grow worldwide.

***

For additional information, please contact:

AutoStore Investor Relations:

Bent M. Skisaker, Chief Financial Officer

+47 46 82 16 93

bent.skisaker@autostoresystem.com

AutoStore Norwegian media:

Geir Bjørlo

+47 91 54 00 00

geir.bjorlo@corpcom.no

AutoStore International media:

Emma Schultz (USA

+1 646 644 8095

AutoStore@brunswickgroup.com

Tim Danaher (UK)

+44 7515 916 216

AutoStore@brunswickgroup.com

About AutoStore

AutoStore is an innovative robotic and software technology company, and a pioneer of cubic storage automation. The group operates in the rapidly growing warehouse automation industry, and in the even faster growing cube storage segment. AutoStore develops warehouse solutions for the future and helps its customers to enable space saving and increase performance, while reducing labor and energy costs. For more information about AutoStore, see www.autostoresystem.com.

Forward looking statements

This announcement includes forward-looking statements which include statements regarding the Company's business strategy, financial condition, profitability, results of operations and market data, as well as other statements that are not historical facts. Words such as "believe," "anticipate," "plan," "expect," "target," "estimate," "project," "predict," "forecast," "guideline," "should," "aim," "continue," "could," "guidance," "may," "potential," "will," as well as similar expressions and the negative of such expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying these statements. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the applicable law, the Company does not have any intention or obligation to publicly update or revise any forward-looking statements after it distributes this announcement, whether to reflect any future events or circumstances or otherwise.

http://publish.ne.cision.com//Release/ViewReleaseHtml/3BF7C874719A25D8E0C856B0705FC7D6

(c) 2022 Cision. All rights reserved., source Press Releases - English