Westinghouse Electric Company, Korea Electric Power Corporation (Kepco) and Korea Hydro & Nuclear Power Company (KHNP) have reached an agreement to resolve their longstanding intellectual property dispute.
The settlement would appear to clear the path for the companies to collaborate on the deployment of new nuclear reactors worldwide.
Westinghouse president and chief executive officer Patrick Fragman said: “Westinghouse is pleased to reach an agreement with Kepco and KHNP on this important issue. As the world demands more firm baseload power, we look forward to opportunities for cooperation to deploy nuclear power at even greater scale”.
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