Andrew, Beverly Reach Settlement on Patent Infringement Case.WESTCHESTER, Ill. -- Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. , a global leader in communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. and products, and Beverly Manufacturing Company have reached a settlement of the patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. lawsuit brought by Andrew. Under terms of the settlement, Beverly acknowledges its infringement of Andrew's patents for certain cable accessory products and will pay an undisclosed sum to the company. Andrew filed suit in 2004 accusing Beverly, based in Tinley Park Tinley Park, village (1990 pop. 37,121), Cook and Will counties, NE Ill., a residential suburb of Chicago; inc. 1892. Its population grew significantly in the late 20th cent. , Ill., of infringing on its patents for cable transmission line hangers hangers used for hanging x-ray films to dry. There is a clip type, with a clip at each corner, and a channel type in which the film sits in channels in the sides of the frame. and grounding clips used in wireless networks. The settlement also requires that Beverly cease any further production of these products. "Andrew Corporation is pleased with the outcome we have achieved in this case," said John DeSana, executive vice president and group president, Antenna and Cable Products segment, Andrew Corporation. "Over the years, we have invested substantial amounts of time and resources into developing intellectual property that gives our customers an advantage in the market. We will continue to actively protect that intellectual property and ensure that others do not attempt to unfairly compete by infringing our patents and other valuable rights." About Andrew Corporation Andrew Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANDW) designs, manufactures, and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and equipment manufacturers from facilities in 35 countries. Andrew (www.andrew.com), headquartered in Westchester, IL, is an S&P MidCap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400 company founded in 1937. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Some of the statements in this news release are forward-looking statements and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include fluctuations in commodity costs, the company's ability to integrate acquisitions and to realize the anticipated synergies and cost savings, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the cost savings anticipated from cost reduction programs, fluctuations in foreign currency exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, the loss of one or more significant customers, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion