Patent Dispute Decision and Strategic Review

In addition, EMGS and Warburg Pincus LLC have appointed Goldman Sachs to conduct a review of the strategic options available to EMGS in the future commercialisation of its business.

Bjarte Bruheim, Chairman of EMGS, commented: "Following today's decision, which is open to appeal, our IP position still remains strong. Although the decision is disappointing, these patents apply only to certain activities in UK waters and we retain full patent protection in more than 30 other jurisdictions. EMGS remains the market leader in EM and the only company that can offer a full suite of EM products globally.

"We have also announced today the decision of the Board to undertake a strategic review. This step is part of our ongoing strategy to exploit fully the commercial opportunities created by our EM technology."