PRN: Environmental Products Corporation and Tomra Systems ASA Settle Antitrust Complaint Filed in November 2010
Environmental Products Corporation and Tomra Systems ASA Settle Antitrust Complaint Filed in November 2010
NAUGATUCK, Connecticut, June 28, 2011 /PRNewswire/ --
Environmental Products Corporation (Envipco), a subsidiary of Envipco Holding N.V., a publicly listed company on the Brussels Euronext Exchange (Symbol: ENV), Tomra Systems ASA, a publicly listed company on the Oslo Stock Exchange (Symbol: TOM) and Tomra of North America, Inc. (Tomra) have agreed to settle their antitrust lawsuit that was filed in November 2010 in federal court in Connecticut.
As part of the settlement, Tomra has agreed to remove or disclaim all existing exclusive vendor provisions in agreements with its retailer customers and to refrain from entering into designated exclusive agreements in the future. Â Envipco is satisfied with the settlement agreement and remains committed to providing superior customer service in a free and open market.
ABOUT ENVIPCO HOLDING N.V.
Envipco Holding N.V. (Envipco), http://www.envipco.com, is a Netherlands-based holding company listed on NYSE Euronext Brussels (Symbol ENV). Envipco, with operations in several countries around the globe, is a recognized leader in the development and operation of reverse vending machines (RVMs), automated technological systems for the recovery of used beverage containers. Â Envipco's turnkey solutions cover all aspects of beverage container recycling - from recovery, validation, compaction, sorting, transportation and logistics, to accounting for every container, to recycling and processing used beverage containers to ready for conversion into new containers and consumer products. Â Known for its innovative technology and market leadership, Envipco holds several intellectual property rights for RVM systems, including but not limited to beverage refund deposit markings, material type identification, compaction and accounting. Â It also owns and operates the largest independent bottle to bottle PET recycling plant in Europe.
Company Codes: Bloomberg:ENV@BB, Bloomberg:TOM@NO, RICS:ENVIC, RICS:TOM