Press release - Veldhoven, the Netherlands, and Tokyo, Japan, September 2, 2004
ASML Holding NV (ASML) and Nikon Corporation (Nikon) today announced their mutual agreement to request stays of the legal and administrative proceedings in each jurisdiction in which they have been pursuing claims related to their intellectual property dispute, including proceedings in Asia and the United States.
The parties' agreement arose as the result of their ongoing discussions, which have resulted in a tentative agreement on the basic terms of settlement. The proposed settlement includes a payment from ASML to Nikon and a cross-license agreement, and remains subject to preparation of a binding memorandum of understanding, followed by a definitive, binding agreement.
The parties declined to disclose details of their tentative settlement prior to the execution of a binding memorandum of understanding, anticipated to occur during the first half of September.
