SynQor Reaches Agreement with Fujitsu in Bus Converter
Boxborough, MA - May 05, 2011 - SynQor, Inc. today announced that it has
reached a partial settlement and license agreement with Fujitsu Limited
(Kawasaki, Japan) and its wholly-owned subsidiary Fujitsu Network
Communications, Inc. (Richardson, Texas).
In December, 2010, SynQor prevailed before a jury in
the Eastern District of Texas in a patent infringement suit against numerous
suppliers of unregulated and semi-regulated bus converters used in intermediate
bus architectures. Fujitsu is a customer of some of the suppliers
who are defendants in the Texas suit. Pursuant to the terms of its
agreement with Fujitsu, SynQor will be compensated for Fujitsuís use of bus
converters that were found to infringe and that it purchased for the period
following the jury verdict, at the Court-ordered, post-trial damage award
rate. Fujitsu will also have the right under an on-going,
non-exclusive license from SynQor, to continue to purchase the same bus
converters from its current supply base at the same compensation rate during
the remaining life of SynQor's bus converter patents.
SynQor President and Chief Executive Officer, Dr.
Martin F. Schlecht, commented: "We are very pleased that we could reach
agreement with Fujitsu to allow it to continue to supply its products in the
United States without further interruption. SynQor continues to work
with many customers to ensure that their critical supply needs for unregulated
and semi-regulated bus converters are promptly met."
Inquiries concerning the foregoing should be directed
to Arthur R. Hofmann, Jr., SynQor's Executive Vice President and General
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