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Oxford Nanopore announces commencement of legal action against MGI Australia Pty Ltd., in the Federal Court of Australia

Oxford Nanopore Technologies plc (LSE: ONT), the company delivering a new generation of molecular sensing technology based on nanopores, today announces that it has launched legal action against MGI Australia Pty Ltd. et al., for infringing four of the Company's Australian patents following the announcement of the launch of its "Cyclone SEQ WT-02" in Australia.

Oxford Nanopore's decision to commence legal proceedings against MGI has been carefully considered and reflects the Company's responsibility to protect the intellectual property ("IP") that underpins its sensing platform, which is now widely used across Research and Applied sectors in Australia.

Throughout this process the primary focus will continue to be on customers, operations and partners. Protecting IP ensures that investments in new technology can be made available to customers and partners.

Oxford Nanopore continually innovates, to deliver high performance technologies to its customers. This innovation has generated substantial proprietary IP, which is a key foundation for long-term value creation. This IP is protected by patents granted in the U.S., Europe, Australia and other jurisdictions.

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