GENRAD AND HEWLETT-PACKARD REACH PATENT SETTLEMENT.CONCORD, Mass.--(BUSINESS WIRE)-- Aug. 17, 1995 -- GenRad, Inc. (NYSE NYSE See: New York Stock Exchange :GEN) announced today that it has resolved all legal issues and settled litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. relative to Hewlett-Packard See HP. Hewlett-Packard - (HP) Hewlett-Packard designs, manufactures and services electronic products and systems for measurement, computation and communications. The company's products and services are used in industry, business, engineering, science, medicine and Company's patent claims directed to the electrical detection of open circuits on circuit boards and GenRad's related products. The settlement also covers GenRad's distributors and customers worldwide. Under the agreement, Hewlett-Packard and GenRad grant each other a worldwide non-exclusive cross-license under all patent claims directed only to the electrical detection of open circuits on circuit boards. Genrad had previously established reserves for legal fees and related costs with respect to this litigation. As a result, this settlement will have no material adverse effect on GenRad's financial condition or earnings. GenRad, Inc. is a leading worldwide supplier of integrated test, measurement, and diagnostic solutions for the manufacture and maintenance of electronic products. The Company offers products and services in two core business areas: electronic manufacturing test systems and vehicle diagnostic systems. Worldwide, GenRad employs approximately 1,000 people. -0- By using GenRad Inc.'s Investor Relations Investor relations The process by which the corporation communicates with its investors. FAX-ON-DEMAND Service, you can receive GenRad's most current shareholder information. Please call 1-800-469-1261. CONTACT: GenRad, Inc. Donna L. LaVoie Lavoie is a surname of French origin. The name is literally translated as "the way", (as in the route to a place), and is used in France as the term for a railroad track. [1] Wikipedia articles on people with this surname
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