3D SYSTEMS SETTLES SUIT WITH ISRAELI FIRM.Byline: Daily News VALENCIA Valencia, region, Spain Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia. - A local digital-imaging firm, 3D Systems, has settled a pending patent lawsuit lawsuit: see procedure; tort. involving 3-D printing and modeling systems, company officials said Wednesday Wednesday: see week. . The settlement with Objet Geometries Ltd. waives all claims for damages, and both companies now have licensing agreements with each other over the disputed patents, 3D Systems officials said. Objet Geometries, which also specializes in 3-D imaging systems, is based in Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. its Web site. ``We are very pleased that we have been able to conclude this settlement successfully,'' said Abe N. Reichental, 3D Systems' president and chief executive officer. ``It enables us to concentrate our resources on developing and delivering to our customers valuable 3-D printing solutions designed to improve their bottom line while at the same time managing the spread of patented 3-D printing technology.'' Earlier this month, 3D Systems reported revenues of $32.8 million for the second quarter - a 17 percent increase over the same period a year earlier. The company manufactures digital-imaging systems used in product design. |
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