Ayr Energy files US ITC complaint, seeks $1 billion in damages from IPO-bound Zetwerk

Ayr Energy filed a complaint with the US International Trade Commission (ITC) against Zetwerk.

Ayr Energy alleges Zetwerk misappropriated proprietary transformer information to build a competing business.

The complaint seeks $1 billion in damages and import restrictions against Zetwerk's products.

Zetwerk is reportedly preparing for an initial public offering (IPO).