Vizio, LG settle patent infringement suit ahead of potential ITC ruling, everyone goes on with their lives
After a couple of years, the ITC was apparently set to rule on the LG/Vizio patent dispute but the two preempted it by coming to some sort of (undisclosed) cross licensing agreement and squashing the whole beef instead. This isn't the first of Vizio's patent-related tiffs to end this way and likely won't be the last, but unless the prices on its 2011 models are jacked sky high then it's unlikely consumers will notice any change since it can continue to import TVs, and considering both sides are on the same end of the active vs passive 3D glasses battle we're not surprised to see it end this way.
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Irvine, CA -- November 18, 2010 -- VIZIO, America's HDTV and Consumer Electronics Company, announced today that it has signed a settlement agreement together with cross license agreements ending a patent dispute with LG Electronics, Inc. ("LGE") that began in 2008.
The settlement encompasses actions that LGE and VIZIO filed in the U.S. including in the International Trade Commission resulting in various orders and determinations. The terms of the settlement agreement and the cross license agreements were not released. The parties will file requests for dismissal of all outstanding actions in the appropriate courts.
About VIZIO
VIZIO, Inc., America's #1 LCD HDTV Company (according to Q3 2010 iSuppli and DisplaySearch Reports), "Entertainment Freedom For All," headquartered in Irvine, California, is America's HDTV and Consumer Electronics Company. In 2007, VIZIO skyrocketed to the top by becoming the #1 selling brand of flat panel HDTVs in North America and became the first American brand in over a decade to lead in U.S. TV sales. Since 2007 VIZIO HDTV shipments remain in the TOP ranks in the U.S. and was #1 for the total year in 2009. VIZIO is committed to bringing feature-rich consumer electronics to market at a value through practical innovation. VIZIO offers a broad range of award winning consumer electronics. VIZIO's products are found at Costco Wholesale, Sam's Club, Walmart, Target, BJ's Wholesale, and other retailers nationwide along with authorized online partners. VIZIO has won numerous awards including a #1 ranking in the Inc. 500 for Top Companies in Computers and Electronics, Fast Company's 6th Most Innovative CE Company of 2009, and made the lists of Ad Age's Hottest Brands, Good Housekeeping's Best Big-Screens, CNET's Editor's Choice, Best of 2011 CES Television, PC World's Best Buy and OC Metro's 10 Most Trustworthy Brands among many other prestigious honors. For more information, please call 888-VIZIOCE or visit on the web at www.VIZIO.com.
The V, VIZIO, TruLED, Extreme VIZIO Technology XVT, VIZIO Internet Apps, 480Hz SPS, 240Hz SPS, Thin Line, Smooth Motion, Razor LED, Smart Dimming, Where Vision Meets Value names, phrase and symbols are trademarks or registered trademarks of VIZIO, Inc. All other trademarks may be the property of their respective holders.
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Source: VIZIO, Inc.
