OFFERING MEMORANDUM Global Offering of up to ... - Nordex
OFFERING MEMORANDUM Global Offering of up to ... - Nordex
OFFERING MEMORANDUM Global Offering of up to ... - Nordex
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Intellectual Property Rights<br />
Patents, Trademarks and Licenses<br />
Most <strong>of</strong> the components and processes the <strong>Nordex</strong> Gro<strong>up</strong> uses <strong>to</strong> develop and manufacture wind<br />
turbines are state-<strong>of</strong>-the-art, and therefore free <strong>of</strong> third-party intellectual property rights claims. In<br />
certain cases the <strong>Nordex</strong> Gro<strong>up</strong> protects itself further by concluding licensing agreements for the use<br />
<strong>of</strong> components and processes <strong>to</strong> which third parties hold intellectual property rights. Ins<strong>of</strong>ar as legally<br />
possible, the <strong>Nordex</strong> Gro<strong>up</strong> protects the components and processes it develops in-house.<br />
The <strong>Nordex</strong> Gro<strong>up</strong> holds the following intellectual property rights:<br />
Description Type Number Date <strong>of</strong> application<br />
<strong>Nordex</strong> Energy GmbH<br />
Process for controlling electricity fed in<strong>to</strong><br />
the grid by wind turbines and the<br />
corresponding circuitry<br />
Process for controlling electricity fed in<strong>to</strong><br />
the grid by wind turbines and the<br />
corresponding circuitry<br />
Device for improving grid compatibility <strong>of</strong><br />
wind turbines with asynchronous<br />
genera<strong>to</strong>rs<br />
European patent<br />
application filed<br />
National patent<br />
application filed<br />
EP 0 877 475 A1 Apr. 29, 1998<br />
DE 197 19 308 May 7, 1997<br />
National utility patent DE 296 21 449 U1 Dec. 10, 1996<br />
‘‘<strong>Nordex</strong> Control’’ trademark /logo National trademark DE 300 23 078 Mar. 24, 2000<br />
‘‘<strong>Nordex</strong> Control’’ logo Community trademark 158 4077 Mar. 22, 2000<br />
‘‘<strong>Nordex</strong>’’ trademark National trademark DE 300 76 017 Oct. 13, 2000<br />
On January 24, 2000, Südwind Energy GmbH and pro + pro Energiesysteme GmbH & Co. KG entered<br />
in<strong>to</strong> a non-exclusive licensing agreement limited <strong>to</strong> Germany for the manufacture and sale <strong>of</strong> S-70<br />
wind turbines. The licensing agreement was entered in<strong>to</strong> for an initial fixed term ending on September<br />
30, 2001 and will be extended until September 30, 2003 if Südwind Energy GmbH has paid <strong>to</strong> the<br />
licensor the licensing fees for at least 25 wind turbines by September 30, 2001. Provided that Südwind<br />
Energy GmbH pays the licensing fees for an additional 75 wind turbines by September 30, 2003, the<br />
agreement will be extended by an additional two years. If Südwind Energy GmbH has paid licensing<br />
fees for more than 100 wind turbines by September 30, 2005, the licensing agreement will be extended<br />
indefinitely with the licensor reserving the right <strong>to</strong> terminate the agreement if Südwind Energy GmbH<br />
pays licensing fees for less than five wind turbines in any period <strong>of</strong> 12 months. To the extent that<br />
Südwind Energy GmbH sold S-70 wind turbines outside <strong>of</strong> Germany in the past, it obtained the<br />
licensor’s approval prior <strong>to</strong> each delivery by notifying pro & pro Energiesysteme GmbH & Co. KG <strong>of</strong> its<br />
intention <strong>to</strong> make such delivery. The Company believes that pro & pro Energiesysteme GmbH & Co. KG<br />
will continue <strong>to</strong> grant individual approvals <strong>to</strong> sell the wind turbines outside the license terri<strong>to</strong>ry <strong>to</strong><br />
Südwind Energy GmbH in the future. In addition, the Company is <strong>of</strong> the opinion that pro & pro<br />
Energiesysteme GmbH & Co. KG will give Südwind Energy GmbH timely notice if it intends <strong>to</strong> grant<br />
licenses <strong>to</strong> third parties abroad and will <strong>of</strong>fer Südwind Energy GmbH the opportunity <strong>to</strong> acquire such<br />
license.<br />
Internet Domain Names<br />
Internet domain names may only be registered once due <strong>to</strong> the current organization <strong>of</strong> the World Wide<br />
Web. Registration, therefore, grants the holder exclusive rights <strong>of</strong> use. The registration <strong>of</strong> a domain<br />
does not, however, grant exclusive property rights against the use <strong>of</strong> the domain by third parties.<br />
Moreover, third parties that hold older rights <strong>to</strong> trademarks or names used in the registered domain<br />
can prohibit others from using such domain.<br />
55