NAUGATUCK, Conn., June 28, 2011 /PRNewswire/ -- Environmental
Products Corporation (Envipco), a subsidiary of Envipco Holding
N.V., a publicly listed company on the Brussels Euronext Exchange
(Symbol: ENV), Tomra Systems ASA, a publicly listed company on the
Oslo Stock Exchange (Symbol: TOM) and Tomra of North America, Inc. (Tomra) have agreed to
settle their antitrust lawsuit that was filed in November 2010 in federal court in Connecticut.
As part of the settlement, Tomra has agreed to remove or
disclaim all existing exclusive vendor provisions in agreements
with its retailer customers and to refrain from entering into
designated exclusive agreements in the future. Envipco is
satisfied with the settlement agreement and remains committed to
providing superior customer service in a free and open market.
ABOUT ENVIPCO HOLDING N.V
Envipco Holding N.V (Envipco), www.envipco.com, is a
Netherlands-based holding company
listed on NYSE Euronext Brussels (Symbol ENV). Envipco, with
operations in several countries around the globe, is a recognized
leader in the development and operation of reverse vending machines
(RVMs), automated technological systems for the recovery of used
beverage containers. Envipco's turnkey solutions cover all
aspects of beverage container recycling - from recovery,
validation, compaction, sorting, transportation and logistics, to
accounting for every container, to recycling and processing used
beverage containers to ready for conversion into new containers and
consumer products. Known for its innovative technology and
market leadership, Envipco holds several intellectual property
rights for RVM systems, including but not limited to beverage
refund deposit markings, material type identification, compaction
and accounting. It also owns and operates the largest
independent bottle to bottle PET recycling plant in Europe.
SOURCE Envipco
