Acacia Subsidiary Enters Into License Agreement With Hatch Transformers, Inc.
Acacia Research Corporation (Nasdaq: ACTG) announced today that its Lighting Ballast Control LLC subsidiary has entered into a license and settlement agreement with Hatch Transformers, Inc. covering a patent relating to electronic lighting ballasts. The agreement resolves litigation that was pending in the United States District Court for the Northern District of Texas.
The technology relates generally to controlling power to fluorescent lamps. The technology may be used in lighting ballasts for commercial and industrial applications.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.