Pursuant to the terms of the Settlement Agreement, Ericsson has agreed to pay an undisclosed sum to SynQor and to discontinue its sales of unregulated and semi-regulated bus converters to third parties in the United States. In exchange, Ericsson has preserved for itself the right to continue to use, make, sell and import Ericsson’s semi-regulated bus converters strictly for use in Ericsson end products. The parties also have agreed to mutual releases and a dismissal with prejudice of all claims asserted against each other in the litigation.
Dr. Martin F. Schlecht, President and CEO of SynQor commented: We are pleased to reach this agreement with Ericsson relating to our IBA patents. We look forward to continuing to work with our customers to implement this important power architecture in their telecommunications, network, storage, computing and other applications.
Inquiries concerning the foregoing should be directed to Arthur R. Hofmann, Jr., SynQor’s Executive Vice President and General Counsel.