Polytronics Technology : This is to disclose the civil lawsuit filed by Ventec Central Europe GmbH in Germany against our Company.(updated for court decision)

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Assertion
1.Events to the authorized matter:
(1)Plaintiff:  Ventec Central Europe GmbH ("Ventec")
(2)Defendant:  Polytronics Know-how Company
2.Identify of the courtroom or punishing company of the authorized matter:
Landgericht Kaiserslautern (a German courtroom)
3.Reference/Case variety of related paperwork of the authorized matter:3 O 360/19
4.Date of prevalence of the occasion:2022/03/11
5.Particulars of prevalence (together with the matter beneath dispute):
(1)Within the afternoon of April 10, 2020, we obtained the service of course of
with respect to the civil criticism of Ventec and associated paperwork from
the aforesaid German courtroom.  In response to its criticism, Ventec alleged
that our firm was concerned in misappropriation of its commerce secret for
HiPot Take a look at, for which it launched the stated lawsuit.
(2)Since its institution, Polytronics has been taking expertise
innovation as its prime precedence, has obtained a whole lot of patents round
the world,has owned varied commerce secrets and techniques and know-how, and has at all times
revered others'mental property.  It's discovered that the particular
testing course of and detailed steps of the HiPot Take a look at has been disclosed
as early as in 2009 by IPC, a world industrial group,
in its Take a look at Strategies Guide, which has turn into the requirements of the
related industries.  Because it has been disclosed and publicly recognized,
such Take a look at just isn't capable of represent an object to be protected as a commerce
secret as alleged by Ventec.  Furthermore, aside from the opinions supplied
by an worker of Ventec's affiliate, there isn't any unbiased opinion
of any outdoors professional or any evaluation report produced within the criticism.
Such a unilateral allegation is clearly baseless.
6.Dealing with process:
Our firm has retained German regulation agency for protection.
7.Affect on the Firm's finance and enterprise and projected quantity:
Based mostly on our evaluation, there will likely be no materials affect on the monetary
or enterprise of our firm.
8.Countermeasures and enchancment standing:
(1)Our firm has retained a German regulation agency for protection.
(2)Our firm has been persevering with implementation and enforcement of any
and all measures in safety of the commerce secret and different mental
property.
9.Another issues that should be specified:
 After receipt of the service of course of, we instantly made the
 disclosure on April 10, 2020 of the lawsuit. Based mostly on our German
 lawyer's e-mail report, the Kaiserslautern Courtroom(Germany) has introduced
 its judgement on March 11, 2022, for dismissal of Ventec's lawsuit.
 In different phrases, Polytronics received.
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