In March 2018, ExOne GmbH, a subsidiary of ExOne, notified voxeljet of its intent not to pay its annual license fees under an existing intellectual property-related agreement and asserted its rights to claim damages pursuant to an alleged material breach of the agreement. At this time, the Company cannot reasonably estimate a contingency, if any, related to this matter.
In connection with the enforcement of voxeljet’s intellectual property rights, the acquisition of third‑party intellectual property rights, or disputes related to the validity or alleged infringement of the Company’s or a third‑party’s intellectual property rights, including patent rights, voxeljet has been and may in the future be subject or party to claims, negotiations or complex, protracted litigation.
12. Related party transactions
Name |
|
Nature of relationship |
|
Duration of relationship |
Franz Industriebeteiligungen AG, Augsburg |
|
Lessor |
|
10/01/2003-Current |
Schlosserei und Metallbau Ederer, Dießen |
|
Supplier |
|
05/01/1999-Current |
Andreas Schmid Logistik AG |
|
Supplier |
|
05/01/2017-12/31/2020 |
Suzhou Meimai Fast Manufacturing Technology Co., Ltd |
|
Minority shareholder of voxeljet China, Customer |
|
04/11/2016-Current |
DSCS Digital Supply Chain Solutions GmbH |
|
Customer |
|
05/11/2017-Current |
Michele Neuber |
|
Employee |
|
07/01/2019 - Current |
Susanne Ederer-Pausewang |
|
Customer |
|
03/17/2021-Current |
Transactions with Franz Industriebeteiligungen AG comprise the rental of office space in Augsburg, Germany. Rental expenses amounted to kEUR 1, in each, first quarter 2021 and first quarter 2020.
Further, voxeljet acquired goods amounting to kEUR 0 and kEUR 0 in the first quarter of 2021 and 2020, respectively from ‘Schlosserei und Metallbau Ederer’, which is owned by the brother of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet.
In addition, voxeljet received logistics services amounting to kEUR 11 in the first quarter of 2020 from ‘Andreas Schmid Logistik’, where the member of our supervisory board Dr. Stefan Söhn served as Chief Financial Officer until December 2020.
Moreover, voxeljet received orders amounting to kEUR 5 and kEUR 16 in the first quarter of 2021 and 2020, respectively from Suzhou Meimai Fast Manufacturing Technology Co., Ltd., which is the minority shareholder for voxeljet China.
Further, voxeljet received orders amounting to kEUR 0 and kEUR 0 in the first quarter 2021 and 2020, respectively from ‘DSCS Digital Supply Chain Solutions GmbH’, which is an associated company where the Company owns 33.3%.
In addition, voxeljet employs Michele Neuber as an intern, the son of Volker Neuber, who has been a member of voxeljet’s supervisory board since July 2020. He received a salary of kEUR 1 and kEUR 1 in the first quarter of 2021 and 2020, respectively.
Moreover, voxeljet sold a used car in the first quarter of 2021 to Susanne Ederer-Pausewang amounting to kEUR 27, who is the wife of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet.
All related party transactions, voxeljet entered into, were made on an arm's length basis.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005888/en/
Contact:
Investors and Media
Johannes Pesch
Director Investor Relations and Business Development
johannes.pesch@voxeljet.de
Office: +49 821 7483172
Mobile: +49 176 45398316