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News Breaks
February 20, 2013
16:19 EDTPPOPolypore sees Q1 to be challenging
The company said, "While the first quarter will be challenging, the long-term demand drivers for our products remain unchanged and we expect to experience growth as 2013 progresses. In three of our businesses, the opportunities are more established and less variable over the short term: In the lead-acid separator business, we are focused on continued growth in Asia; and, in the healthcare and filtration businesses, we will grow our core applications while supporting the development of new applications beyond 2013. Within our lithium separator business, which can experience sizable short-term demand fluctuations, we will continue to monitor and adjust our manufacturing capacity and cost structure to meet near-term levels of demand. In consumer electronics, where we have long held a strong market position, we are well prepared to serve the market as sales recover. In EDV and emerging Energy Storage System applications, where we have the preferred products and technology, we have a step-change growth opportunity as these markets develop."
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July 22, 2014
07:50 EDTPPOPolypore court ruling a 'significant positive,' says William Blair
William Blair views yesterday's U.S. District Court decision granting a motion by Polypore's subsidiary for a preliminary injunction against LG Chem as a "significant positive." The firm says the stock's flat reaction to the news creates a near-term buying opportunity and it keeps an Outperform rating on shares of Polypore.
July 21, 2014
08:08 EDTPPOPolypore receives favorable ruling on preliminary injunction against LG Chem
Polypore announced that the United States District Court for the Western District of North Carolina has granted a motion by Celgard, a subsidiary of Polypore International, for a preliminary injunction against LG Chem, and LG Chem America. The judge's order granting the injunction is currently under seal; portions of the order may be released in the future at the court's discretion. Celgard had requested a preliminary injunction to prohibit the importation, sale or offer for sale in the United States and inducement of others to use, sell or offer for sale lithium-ion batteries, including batteries used in electric drive vehicles and consumer electronics, which contain LG's ceramic coated lithium-ion battery separator, until a full trial on the matter is concluded. The lawsuit and motion for injunction are based on Celgard's assertion that LG infringes Celgard's patent, which claims ceramic composite layer lithium-ion battery separators first developed by Celgard for high-energy rechargeable lithium-ion batteries.

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