SynQor and Lineage Power Settle IBA Patent Litigation
(firmenpresse) - BOXBOROUGH, MA -- (Marketwire) -- 02/07/12 -- , Inc. announced today that it has entered into a definitive Settlement Agreement with Lineage Power Corp. to resolve SynQor's IBA patent litigation against Lineage (SynQor, Inc. v. Artesyn Technologies, Inc., et al., Civil Action No. 2:07-CV-497, U.S. District Court Eastern District of Texas). Terms of the settlement are confidential.
In this suit SynQor asserted 5 patents against 11 of the largest industry suppliers of unregulated and semi-regulated bus converters, including Lineage Power Corp. In a unanimous verdict, a federal jury found that each of the 11 defendants infringed one or more of SynQor's patents and upheld the validity of all such patents and awarded SynQor collective damages in excess of $95 million. The Court later awarded SynQor more than $19M in additional compensation, bringing the total to more than $114M.
In January 2011, the Court issued a Permanent Injunction against each of the defendants in the suit, including Lineage Power, enjoining them from manufacturing and selling infringing products.
In October 2011, SynQor filed a second complaint against Lineage Power and the other defendants in Civil Action No. 2:11-CV-444, U.S. District Court Eastern District of Texas, directed at additional infringing sales after the Permanent Injunction was entered. Also that month, Lineage Power and the other defendants filed notices of appeal. Pursuant to the terms of the Settlement Agreement, Lineage Power has agreed to dismiss its appeal. Lineage Power has also agreed to comply with the Permanent Injunction, which precludes it from selling unregulated and semi-regulated bus converters to customers in the United States and from inducing its customers to sell products into the United States that contain Lineage's unregulated and semi-regulated bus converters.
Dr. Martin F. Schlecht, President and CEO of SynQor, commented: "We are pleased to reach this agreement with Lineage relating to our IBA patents. We look forward to continuing to work with our customers to implement the important IBA power architecture in their telecommunications, network, storage, military, industrial and other applications."
Inquiries concerning the foregoing should be directed to Arthur R. Hofmann, Jr., SynQor's Executive Vice President and General Counsel.
For information please visit or contact your local SynQor representative.
Email:
SynQor, Inc.
155 Swanson Rd.
Boxborough, MA 01719
PH: 978-849-0600
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Datum: 07.02.2012 - 19:00 Uhr
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