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Universal Electronics Files Patent Infringement Lawsuit against Peel Technologies

Universal Electronics Inc. (UEI) (NASDAQ: UEIC), a global leader in
remote control technologies, announced it has filed a lawsuit in the
United States District Court in the state of California against Peel
Technologies, Inc. (Peel), based in Mountain View, California, for
patent infringement. UEI seeks a permanent injunction in addition to
monetary damages against Peel.

“The decision to move forward with this action was made only after all
other options had been exhausted,” stated Paul Arling, Chairman and CEO
of Universal Electronics. “UEI has a significant investment in these
technological advancements, some of which are included in our recent
innovative products, but also used in many products dating back well
over 10 years. UEI

See full press release

Posted-In: News M&A Global

 

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