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Pioneer Announces it has Reached a Settlement with Garmin
By Benzinga Staff
February 10, 2012 3:28 AM
February 10, 2012 3:28 AM
Tokyo, Feb 10, 2012 - (JCN Newswire) - Pioneer Corporation (Pioneer) announced today that it has reached a settlement agreement with Garmin Ltd. (Garmin).
Pioneer is pleased that the parties have agreed to settle the respective cases. In the settlement agreement, Pioneer grants Garmin the right to use Pioneer's GPS navigation patents listed below (Licensed Patents). The settlement agreement does not include a license to Pioneer's other patents. All pending litigations in the United States and Germany have been terminated.
Pioneer is a leader in the area of GPS navigation technology, and has a number of intellectual property rights related to this technology through product development. Pioneer remains committed to the protection of its business operations through the enforcement action of its intellectual property rights.
* Licensed Patents
US Patent No. 5,365,448
US Patent No. 5,424,951
US Patent No. 6,122,592
DE 692 11 749 (EP 0 508 681)
DE 693 24 713 (EP 0 775 892)
About Pioneer
Pioneer Corporation is a leading global manufacturer of consumer and business-use electronics products such as audio, video and car electronics. Its shares are traded on the Tokyo Stock Exchange (TSE: 6773). For more information , please visit http://pioneer.jp .
Source: Pioneer
Contact:
Copyright 2011 JCN Newswire. All rights reserved. www.japancorp.net
Pioneer is pleased that the parties have agreed to settle the respective cases. In the settlement agreement, Pioneer grants Garmin the right to use Pioneer's GPS navigation patents listed below (Licensed Patents). The settlement agreement does not include a license to Pioneer's other patents. All pending litigations in the United States and Germany have been terminated.
Pioneer is a leader in the area of GPS navigation technology, and has a number of intellectual property rights related to this technology through product development. Pioneer remains committed to the protection of its business operations through the enforcement action of its intellectual property rights.
* Licensed Patents
US Patent No. 5,365,448
US Patent No. 5,424,951
US Patent No. 6,122,592
DE 692 11 749 (EP 0 508 681)
DE 693 24 713 (EP 0 775 892)
About Pioneer
Pioneer Corporation is a leading global manufacturer of consumer and business-use electronics products such as audio, video and car electronics. Its shares are traded on the Tokyo Stock Exchange (TSE: 6773). For more information , please visit http://pioneer.jp .
Source: Pioneer
Contact:
Public Relations Department Pioneer Corporation, Japan Phone: +81-44-580-1003 E-mail: pioneer_prd@post.pioneer.co.jp Website: http://pioneer.jp/e/
Copyright 2011 JCN Newswire. All rights reserved. www.japancorp.net
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