LINKÖPING, Sweden--()--Regulatory News:
In recent months, there has been a constructive dialogue between the four parties – the official receiver for Saab Automobile, Saab AB (STO:SAABB), Scania and NEVS – in order to find a satisfactory solution to the brand issue. An agreement has now been met.
The main contents of the agreement are:
- NEVS has signed a licence agreement with Saab AB regarding the use of the name SAAB as the brand for NEVS future electric cars, which both parties are satisfied with.
- An agreement between Saab AB, Scania and NEVS has been reached on that the current brand symbol (including the griffin symbol) will not be used. Hence, this will not appear on any products or services from NEVS.
- The company which produces cars is called National Electric Vehicle Sweden AB, “NEVS”. The cars and associated products and services will be named SAAB in accordance with the licence agreement on using the SAAB name as a brand.
- Rights and responsibilities about how to use the name and the brand SAAB are, as is customary, regulated in the licence agreement. The purpose is to diversify the two companies’ activities from one another, i.e. distinguish the cars from the defence and security products. The parties will both safeguard the great positive values inherent in the SAAB brand.
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.
The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on September 3 at 10.00.
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