Hi' everybody.
Sure is a lot going on here today based on half truth's, hear-says, and what is worse.
Since this matter has the chance of turning into a hot political potatoo, Chip-con ApS will only be sending out official statements, which are verifiable and signed by our CEO Morten Espersen. This is to avoid adding further confusion to the matter.
Please find enclosed the first such statement here below:
I will not be able to elaborate on this, but will most certainly be monitoring the forums, to relay back any further legitimate concerns you may have. I will not react on any wild accusations, slander and the likes, so please keep posts on topic and refrain from any irelevant or uncalled for outbursts.
Also please note, that since we need to be absolutely certain that everything we present here will hold in every aspect, it can take a bit of time, before we can present an official answer, as we need to be sure we have all relevant documents to carry it through.
Kind regards
Steen
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Based on the current scenario from the local news in Northern Jylland, now spread worldwide on the Internet, we find it imperative to state a few facts.
The purpose of EU development funding is to promote that development of innovative ideas take place within the EU like similar programs in other regions of the world.
First of all it can be stated that Chip-con ApS already in the initial stages of applying for development funding thoroughly informed about the existence of other compressor-based cooling solutions for PC’s.
Therefore the involved authorities initiated a third party investigation on their own initiative. Chip-con ApS had no prior knowledge of the consultant performing this job.
His task was to investigate if there was a substantial difference between the technologies involved.
His conclusion was that this was indeed the case, and his investigation can now be proved by the fact that the international patent authorities find the patent application from Chip-con ApS contains both sufficient news value, level of innovation and industrial application to justify a patent.
On the other hand the same authorities do not find the patent application from Asetek to contain sufficient innovation level to justify a patent.
It has been impossible to avoid competing with Asetek as they have subsequently changed their marketing strategy, and therefore this does not affect the funding.
There is no reason to believe that Chip-con ApS should pay back any funding.
Chip-con ApS fulfilled the conditions for receiving the EU funding and has complied with all demands set forth.
The fact is that Asetek A/S accuses the authorities, the authorities is not accusing Chip-con ApS, and has forwarded no claims towards the company.
It is crystal clear to us, that Asetek A/S does not want to co-exist with Chip-con ApS, and they clearly don’t want to compete against our technology.
Even in the unlikely event that Chip-con ApS should pay back the funding please consider that Elcold Denmark ApS (a large manufacturer of freezers) is now a major shareholder in the company.
The speculation that repaying EU funding should affect Chip-con ApS at this point is ridicules – the amount of money received from the EU program is no more than 70.000 US$ (equal to minor acquisitions, ladies and gentlemen.
Best Regards.
Morten Espersen, CEO
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