Sterling and Wilson Resolves Legal Dispute in US Court

Sterling and Wilson Renewable Energy Ltd announced that its wholly-owned step-down subsidiary, Sterling and Wilson Solar Solutions Inc., has reached a settlement agreement with Fidelity and Deposit Company of Maryland and Zurich American Insurance Company, resolving claims and counterclaims related to a bond encashment. The United States District Court, Eastern District of Washington, has dismissed the legal proceedings following a motion filed by the parties. The settlement has no material financial impact on the company.