SCHAUMBURG, Ill., Jan. 15 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT), VTech Communications, Inc. and VTech Telecommunications, Ltd. today announced that they have entered into a Settlement and License Agreement that will end their pending patent litigation in the Eastern District of Texas.
"We are pleased to have reached an amicable resolution with VTech," said Kirk Dailey, vice president of intellectual property, Motorola. Although the terms of the settlement are confidential, VTech's license and consideration is consistent with our intellectual property licensing program, which is licensed extensively throughout the telecommunications industry. Our strong research and development and industry-leading intellectual property portfolio are critical to our business, and we will aggressively protect that value on behalf of our customers, employees, partners and shareholders."
The lawsuit related to six Motorola patents asserted against VTech.
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $30.1 billion in 2008. For more information, please visit www.motorola.com.
SOURCE Motorola, Inc.