u-blox AG
u-blox AG: u-blox and Interdigital sign new license agreement and dismiss litigation
Press Release u-blox and Interdigital sign new license agreement and dismiss litigation Thalwil, Switzerland – November 12, 2019 – u-blox (SIX:UBXN, OTC: UBLXF), a global provider of leading positioning and wireless communication technologies, and InterDigital Group (NASDAQ: IDCC), a mobile and video technology research and development company, entered into an agreement on 1 November 2019 that includes a license covering all u-blox cellular modules. As a result, all litigation matters between the two companies have been dismissed. In January of 2019, u-blox had filed a lawsuit against InterDigital Group asking the United States Federal Court in San Diego, California, to determine fair, reasonable and non-discriminatory (FRAND) royalty rates for patents licensed by InterDigital Group. “u-blox respects the intellectual property rights of others and has always been and continues to be a willing licensee to standard essential patents (SEPs)”, said Thomas Seiler, CEO of u-blox. “In fact, u-blox views this as a value-added differentiator that benefits u-blox customers by reducing their risk of litigation and positively distinguishes u-blox within the module industry. u-blox remains committed to this strategy – it’s how we create value for our customers.” About u-blox Find us on Facebook, LinkedIn, Twitter @ublox and YouTube u‑blox contact: u‑blox AG Issuer: u-blox AG Key word(s): Research/Technology
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Language: | English |
Company: | u-blox AG |
Zürcherstrasse 68 | |
8800 Thalwil | |
Switzerland | |
Phone: | +41 44 722 74 44 |
Fax: | +41 44 722 74 47 |
E-mail: | info@u-blox.com |
Internet: | www.u-blox.com |
ISIN: | CH0033361673 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 910067 |
End of News | EQS Group Media |