voxeljet AG Reports Financial Results for the First Quarter Ended March 31, 2021

11. Commitments, contingent assets and liabilities

In March 2018, ExOne GmbH, a subsidiary of ExOne, notified voxeljet of its intent not to pay its annual license fees under an existing intellectual property-related agreement and asserted its rights to claim damages pursuant to an alleged material breach of the agreement. At this time, the Company cannot reasonably estimate a contingency, if any, related to this matter.

In connection with the enforcement of voxeljet’s intellectual property rights, the acquisition of third‑party intellectual property rights, or disputes related to the validity or alleged infringement of the Company’s or a third‑party’s intellectual property rights, including patent rights, voxeljet has been and may in the future be subject or party to claims, negotiations or complex, protracted litigation.

12. Related party transactions

Name

 

Nature of relationship

 

Duration of relationship

Franz Industriebeteiligungen AG, Augsburg

 

Lessor

 

10/01/2003-Current

Schlosserei und Metallbau Ederer, Dießen

 

Supplier

 

05/01/1999-Current

Andreas Schmid Logistik AG

 

Supplier

 

05/01/2017-12/31/2020

Suzhou Meimai Fast Manufacturing Technology Co., Ltd

 

Minority shareholder of voxeljet China, Customer

 

04/11/2016-Current

DSCS Digital Supply Chain Solutions GmbH

 

Customer

 

05/11/2017-Current

Michele Neuber

 

Employee

 

07/01/2019 - Current

Susanne Ederer-Pausewang

 

Customer

 

03/17/2021-Current

Transactions with Franz Industriebeteiligungen AG comprise the rental of office space in Augsburg, Germany. Rental expenses amounted to kEUR 1, in each, first quarter 2021 and first quarter 2020.

Further, voxeljet acquired goods amounting to kEUR 0 and kEUR 0 in the first quarter of 2021 and 2020, respectively from ‘Schlosserei und Metallbau Ederer’, which is owned by the brother of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet.

In addition, voxeljet received logistics services amounting to kEUR 11 in the first quarter of 2020 from ‘Andreas Schmid Logistik’, where the member of our supervisory board Dr. Stefan Söhn served as Chief Financial Officer until December 2020.

Moreover, voxeljet received orders amounting to kEUR 5 and kEUR 16 in the first quarter of 2021 and 2020, respectively from Suzhou Meimai Fast Manufacturing Technology Co., Ltd., which is the minority shareholder for voxeljet China.

Further, voxeljet received orders amounting to kEUR 0 and kEUR 0 in the first quarter 2021 and 2020, respectively from ‘DSCS Digital Supply Chain Solutions GmbH’, which is an associated company where the Company owns 33.3%.

In addition, voxeljet employs Michele Neuber as an intern, the son of Volker Neuber, who has been a member of voxeljet’s supervisory board since July 2020. He received a salary of kEUR 1 and kEUR 1 in the first quarter of 2021 and 2020, respectively.

Moreover, voxeljet sold a used car in the first quarter of 2021 to Susanne Ederer-Pausewang amounting to kEUR 27, who is the wife of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet.

All related party transactions, voxeljet entered into, were made on an arm's length basis.



Contact:

Investors and Media
Johannes Pesch
Director Investor Relations and Business Development
johannes.pesch@voxeljet.de
Office: +49 821 7483172
Mobile: +49 176 45398316



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14             
Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Upcoming Events
Coastal GeoTools 2025 Conference at 301 North Water Street - Jan 27 - 30, 2025
Commercial UAV Expo Europe 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise