Cognex resolves patent litigation.
Cognex Corporation has announced that Electro Scientific Industries
(ESI) has entered into a settlement and license agreement with Cognex,
resolving a dispute related to ESI's alleged infringement of a U.S.
patent held by Cognex. Under the settlement agreement, Cognex has
granted ESI a license to the patent in dispute, as well as certain
covenants not to sue under various other surface mount placement
equipment-related patents. In response, ESI has agreed to pay Cognex an
undisclosed license fee. The agreement also allows for the possibility
of a future business relationship between the parties by which
Electro-Scientific may purchase Cognex machine vision products.