03:45 PM EST - TSO3 Inc. : announced that the Company has settled the ongoing dispute with the 3M Company through the mediation process. On August 2, 2012, TSO3 announced that the Company had terminated its Agreement with its former channel partner 3M, for the exclusive supply, distribution, license and service of the new STERIZONE® 125L+ Sterilizer branded as the 3M™ Optreoz™ 125-Z. The Agreement, dated December 2009 and amended in May 2011, provided conditions for either party to terminate the agreement. TSO3 exercised this right and provided a letter of termination to 3M on June 15, 2012. 3M had disputed TSO3's right to terminate the agreement. TSO3 Inc.
shares T.TOS are trading up $0.04 at $0.65.
