BWW Geeks World

Network-1 Announces Settlement Of Patent Litigation With NEC

Related: Press Release, News
Network-1 Announces Settlement Of Patent Litigation With NEC

Network-1 Security Solutions, Inc. (OTC BB: NSSI) announced today that it agreed to settle its patent litigation against NEC Corporation and NEC Corporation of America (collectively, "NEC") pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of Network-1's Remote Power Patent (U.S. Patent No. 6,218,930). NEC was one of 16 defendants named in the litigation.

As part of the settlement, NEC entered into a settlement agreement and non-exclusive license agreement for the Remote Power Patent. Under the terms of the license, NEC will license the Remote Power Patent for its full term which expires in March 2020,and pay a license initiation fee and quarterly royalties based on its sales of Power over Ethernet ("PoE") products, including those PoE products which comply with the Institute of Electrical and Electronic Engineers ("IEEE") 802.3af and 802.3at Standards.

In September 2011, Network-1 initiated patent litigation against 16 data networking equipment manufacturers in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of its Remote Power Patent. Named as defendants in the lawsuit, excluding related parties, were Alcatel-Lucent USA, Inc., Allied Telesis, Inc., Avaya Inc., AXIS Communications Inc., Dell, Inc., GarrettCom, Inc., Hewlett-Packard Company, Huawei Technologies USA, Juniper Networks, Inc., Motorola Solutions, Inc., NEC Corporation, Polycom Inc., Samsung Electronics Co., Ltd., ShoreTel, Inc., Sony Electronics, Inc., and Transitions Networks, Inc. Network-1 seeks monetary damages based upon reasonable royalties. In 2012, settlements were reached with defendants Motorola Solutions Inc., Transition Networks, Inc. and GarrettCom, Inc. and on February12, 2013, Network-1 reached a settlement with Allied Telesis, Inc.

Comment & Share

Related Links
Study: Rocketing Growth in Spending by US Businesses on Telecom Hardware, Software, ServicesStudy: Rocketing Growth in Spending by US Businesses on Telecom Hardware, Software, Services
May 29, 2014
Intel Puts Automotive Innovation Into High GearIntel Puts Automotive Innovation Into High Gear
May 29, 2014
penveu to Ship Evolutionary Interactive Display Systems Starting May 30penveu to Ship Evolutionary Interactive Display Systems Starting May 30
May 29, 2014
SendGrid Launches In Red Hat OpenShift MarketplaceSendGrid Launches In Red Hat OpenShift Marketplace
May 29, 2014
SendGrid Launches In Red Hat OpenShift MarketplaceSendGrid Launches In Red Hat OpenShift Marketplace
May 29, 2014


About Author

Subscribe to Author Alerts

Become a Fan, Follower & Subscriber