In an official release the global leader of Aramid yarns, DuPont announced that it has reached to an agreement to settle and resolve all outstanding trade secret litigation against South Korea based Kolon. Six years ago, DuPont had filed a civil lawsuit against Kolon for misappropriation of trade secrets and confidential information regarding DuPont™ Kevlar® technology. The financial terms of the settlement include up-front and ongoing payments to DuPont.
Dupont keeps further terms and conditions of the settlement of the case with Kolon confidential to the interest of both parties. Kolon also announced that it has entered into a Plea Agreement with the U.S. Department of Justice resolving all charges against Kolon arising from the United States Government investigation of conversion of trade secrets by certain Kolon entities and employees. Kolon pleads guilty to a single count of Conspiracy to Convert Trade Secrets related to its para-aramid fiber products. Under the Plea Agreement and Restitution Order, Kolon is ordered to pay restitution to DuPont totaling $275 million.
DuPont is almost synonym to the Aramid yarns for people working in fiber optic cable manufacturing industry. DuPont’s Kevlar brand aramid yarns are extensively used in optical fiber cables. All dielectric self-supporting cables make use of aramid yarns as peripheral strength members. Aramid yarns are non-metallic and hence the cables made with these yarns can be installed near electrical power transmission lines. DuPont has created almost all required grades of yarns suitable for applications in different installation environments such as aerial, indoor, duct/lashed aerial, anti-ballistic etc.
DuPont has brought world-class science and engineering to the global marketplace through innovative products, materials and services for more than 200 years. Dupont’s market-driven innovation introduces thousands of new products and patent applications every year, serving markets as diverse as agriculture, nutrition, electronics and communications, safety and protection, home and construction, transportation and apparel.
The resolution of this litigation helps ensure the protection of Dupont’s proprietary technology. The officials in DuPont commented that they look forward to continuing to apply their innovative science to meet the needs of customers and licensees of Kevlar® to help save lives and keep workplaces safe around the world across an array of industries, including first respondents, law enforcement and military personnel.