Cognex Withdraws Lawsuit Against Matrox; Civil Action Dismissed; Cognex Covenants Not to Sue Matrox or its Customers.Business Editors/High-Tech Writers DORVAL, Quebec--(BUSINESS WIRE)--June 3, 2003 Matrox Imaging, a division of Matrox Electronic Systems Ltd., is announcing today that the civil action filed by Cognex Corporation Cognex Corporation is an American corporation that manufactures commercial machine vision systems. Cognex is the world leader in its field, holding an array of patents and employing academic experts. (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 : CGNX) in the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789. against the Geometric Model A geometric model describes the shape of a physical or mathematical object by means of geometric concepts. Geometric model(l)ing is the construction or use of geometric models. Finder (GMF GMF Graphical Modeling Framework GMF German Marshall Fund GMF Groupes de Médecine de Famille (French; Quebec, Canada) GMF Genetically Modified Food GMF Gulf of Mexico Foundation ) and other components of the Matrox Imaging Library (MIL) software package has been dismissed by agreement of the parties. Following a review by its independent technical expert of the relevant portions of the MIL software package under a protective order, Cognex has dropped the suit against Matrox and its distributor. Cognex has also agreed not to sue Matrox, its distributors, its customers, or its users for infringement of the asserted patent by any current MIL product or any future product that locates edges in the same or a similar manner. No compensation, financial or otherwise, was made to Cognex as part of this settlement. Matrox Imaging will continue to sell the MIL software package without modification to existing and new customers alike. Introduced back in 1993, MIL is the field-proven cornerstone of the Matrox Imaging product line. Its flexible software licensing policy enables customers to only license the algorithms required for a given application. Up to 20% of Matrox Imaging's growing revenues are continually invested in the development of new software and hardware products that constantly lower the cost of image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished systems. As a result of this significant ongoing investment, Matrox Imaging carefully crafts its new technologies and innovations, including enhancements to the MIL software package, to ensure the utmost integrity of its intellectual property. About Matrox Imaging Matrox Imaging is the only leading designer and manufacturer of PC-based hardware and software for machine vision, image analysis and medical imaging to draw on over 26 years of industry experience to meet customer needs. Headquartered in Dorval, Quebec, Canada, Matrox is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with international offices in the United States, the United Kingdom, France, Germany and Hong Kong. |
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