Cyberlogic, Wonderware & Intellution Settle Lawsuits.TROY, Mich.--(BUSINESS WIRE)--Jan. 27, 1999--Cyberlogic Technologies Inc., Wonderware Corp. and Intellution Inc. announced today that the companies have reached an out-of-court settlement An agreement reached between the parties in a pending lawsuit that resolves the dispute to their mutual satisfaction and occurs without judicial intervention, supervision, or approval. and ended all disputes between the parties. At issue were two lawsuits, one filed by Wonderware against Cyberlogic and Intellution in U.S. District Court for the Central District of California, and the other filed by Cyberlogic against Wonderware in U.S. District Court for the Eastern District of Michigan. Both lawsuits involved claims of copyright infringement. Although terms of the settlement in the two lawsuits were not disclosed, the parties announced that the lawsuits and all related matters were settled without any admission of wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong do or liability on the part of any company. With the announcement, Wonderware and Cyberlogic retracted all previous public statements regarding the lawsuits. "All parties expressed the view that they are pleased to have come to an amicable agreement to end these legal proceedings and get on with our normal conduct of business," said Sam Auriemma, vice president and CFO See Chief Financial Officer. of Wonderware. "All companies are now free to continue to pursue their past and present business goals and deliver first-rate software technologies to their respective customers," said Kemal Turedi, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyberlogic. Intellution's President and CEO Stephen E. Rubin added, "The amicable settlement of this issue allows Intellution to keep its primary focus where it belongs -- serving its customers' needs." Cyberlogic Technologies Inc., Troy, is the leading independent supplier of advanced connectivity software for industrial networks. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. was the first to introduce true 32-bit plant-floor connectivity for Windows NT-based systems in 1993. Cyberlogic's DHX DHX Dual-Path Heat Exchange (memory circuit board technology) DHX Diffie-Hellman Exchange (Apple authentication protocol) DHX Dump Heat Exchanger and MBX MBX Mail Box (Eudora filename extension) MBX Motherboard Express MBX Management Board Executive MBX Mlada Boleslav MBX Message Bus Exchange family of software products are licensed by many OEMs and end-users worldwide. For further information contact Cyberlogic Technologies Inc., 340 East Big Beaver Rd., Troy, Mich. 48083. Phone: 248/740-9842. Fax: 248/740-9821. Or visit Cyberlogic's website at http://www.cyberlogictech.com. |
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