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DuPont Files Lawsuit Against Kolon Industries for Theft of Trade Secrets

February 3, 2009

WILMINGTON, Del., Feb. 3 /PRNewswire-FirstCall/ — DuPont (NYSE: DD) today filed a civil lawsuit in U.S. District Court in Richmond, Va., against Kolon Industries, a competitor of DuPont in aramid fiber, for theft of trade secrets and confidential information regarding DuPont(TM) Kevlar(R) aramid fiber. The company issued the following statement from Senior Vice President and General Counsel Thomas L. Sager:

“This action underscores the measures that DuPont, as a market-driven science company, will pursue to protect our proprietary information for the benefit of our shareholders and customers. We are taking action to ensure that our trade secrets remain protected. DuPont also is filing a lawsuit today in Canada and is considering similar actions in other countries. We are pursuing all available legal remedies regarding this issue, including damages and injunctive relief, to prevent further misappropriation of DuPont proprietary information.

“The company’s previously announced $500 million investment in a new Kevlar(R) plant in South Carolina and its expansion in Richmond, Va., reflect our confidence in this technology and business. With our current and future Kevlar(R) offerings, we will continue to safeguard first responders and military personnel around the world. The DuPont(TM) Kevlar(R) business remains strong.

“DuPont’s policies and processes are designed to protect our technologies. We will aggressively pursue anyone who tries to steal our intellectual property.”

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

The DuPont Oval Logo, DuPont(TM), The miracles of science(TM) and Kevlar(R) are registered trademarks or trademarks of DuPont or its affiliates.

SOURCE DuPont


Source: newswire



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