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

  • 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
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