Polypore settles with Sumitomo, to receive up-front payment and royalties

|About: Polypore International, Inc. (PPO)|By:, SA News Editor

Polypore (PPO +1.1%) and Sumitomo Chemical enter into a settlement/licensing agreement which ends litigation between the 2 companies relating to Polypore's IP on ceramic separator coating for lithium-ion batteries.

Sumitomo will make an up-front payment as well as recurring royalties.

PPO +0.6% AH