legal proceedings
+Added: than as described below, we are currently not a party to any legal proceedings that, in the opinion of management, if determined adversely
+Added: to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition or
+Added: We may from time to time be subject to various legal or administrative claims and proceedings arising in the ordinary course
+Added: As our growth continues, we may become party to an increasing number of litigations and claims.
+Added: The outcome of litigations
+Added: and claims cannot be predicted with certainty, and the resolution of these matters could materially affect our future results of operations,
+Added: cash flows or financial position.
a result of oppositional proceedings initiated by a third-party in 2018, the Opposition Division of the EU Patent Office decided in 2019
to revoke two of the three European patents (EP 2.478.693 and EP 2.621.159) and in 2021 to maintain the third patent (EP 2.621.158).
−Removed: Following appeal hearings held in early 2024, the Board of Appeals revoked all three patents, with formal written
−Removed: decisions still pending.
−Removed: The Company will decide whether to petition for further review of this matter after it receives the formal
−Removed: written decisions.
−Removed: The revocations are not expected to have a material impact on the Company’s current business operations.
−Removed: addition, one U.S.
−Removed: patent of the same family is currently under reexamination proceedings before the U.S.
−Removed: Patent and Trademark
−Removed: Furthermore, opposition proceedings have been filed in the European Union Intellectual Property Office against the Company’s EU trademark applications for “Odysight” and “OdysightAI”.
−Removed: For additional
−Removed: information about these proceedings refer to – “PROPRIETARY RIGHTS AND TECHNOLOGY” above.
−Removed: Other than the above, we
−Removed: are not aware of any pending legal proceedings to which we are a party, or to which any director, officer or affiliate of our
−Removed: Company, or any owner of record or beneficially of more than 5% of any class of our voting securities, is a party adverse to us or
−Removed: has a material interest adverse to us.
+Added: Following appeal hearings held in early 2024, the Board of Appeals revoked all three patents, with formal written decisions issued in
+Added: We have filed a petition for review of the decision regarding two of the three European patents (EP 2.478.693 and EP 2.621.159)
+Added: and are not appealing the decision regarding the third European patent (EP 2.621.158).
+Added: The revocations are not expected to have a material
+Added: impact on our current business operations.
mine safety disclosures.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.