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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.
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Title Annotation:A Look at What's Going On In The Industry
Publication:Nonwovens Industry
Geographic Code:1USA
Date:Dec 1, 2004
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