Nine Energy Service, Inc. Statement on U.S. District Court Decision

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Jan 24, 2022

Nine Energy Service, Inc. (NYSE: NINE) (“Nine” or the “Company”) announced today that a jury in the Western District of Texas, Waco Division (the “Court”) reached a verdict on January 21, 2022 in the patent litigation regarding the Company’s BreakThru™ Casing Flotation Device and its alleged infringement of a patent held by NCS Multistage Holdings, Inc. (“NCS”). The jury found that Nine infringed on NCS’s patent and awarded NCS damages in the amount of less than $500,000.