For printers and upgrade kits that utilize the patented technology
FutureLogic announces settlement of patent litigation with TransAct Technologies
(US).- FutureLogic announced that it has signed a binding term sheet with TransAct Technologies that settles the current patent litigation and all other legal matters outstanding between the two parties.
2008-05-15
Reading time 13 seg
Under the binding term sheet, FutureLogic has agreed to license TransAct’s dual port technology for printers and upgrade kits that utilize the patented technology.
The license includes worldwide, perpetual rights for U.S. Patent 6,924,903, U.S. Patent 7,099,035, related applications and patents, and foreign counterparts.
The firm did not disclose any other details of the agreement.
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