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Settlement Negotiation

September 05, 2002
Toyoda Gosei Co., Ltd
 

Toyoda Gosei Co., Ltd. (Head Office: Haruhi-cho, Nishikasugai-gun, Aichi-ken, Japan, President: Mr. Takashi Matsuura) and Nichia Corporation (Head Office: Anan-shi, Tokushima-ken, Japan, President: Mr. Eiji Ogawa) previously announced on start of settlement negotiation (August 9, 2002) concerning technology of nitride semiconductors such as blue LED, to respect any and all patent rights etc. which the other party owns and to enter into negotiations in good faith in order to come to an end of any and all disputes and suits in and outside Japan between the parties which lasted for several years. Thereafter, as a result of both parties' negotiations in good faith, the negotiation with respect to the contents of the Settlement Agreement has been completed and the execution thereof is expected to be made on September 17. Please note that this announcement is to avoid selective disclosure in the light of the statement given at about 13:40, today (September 5) in the open trial at the Osaka District Court (Judge: Kazuo Komatsu as Presiding Judge) by one of Nichia Corporation's attorneys to the effect that the settlement negotiation had been concluded and that the Settlement Agreement would likely be executed on September 17. Also, please note that we are unable to respond to any inquiry about the contents of the Settlement Agreement.