Baldwin Technology Co. Inc. said its German unit settled its nine-year patent dispute with technotrans.
Under terms of the agreement, technotrans will pay $9.6 million in compensation to Baldwin. In return, Baldwin will end legal proceedings that began in 2000 when it sued techotrans in Germany, alleging that technotrans’ design of a cooling system infringed on a Baldwin patent.
In a press release issued by Baldwin, the firm said that the boards of each company “reached the conclusion that this solution is in the best interests of both companies.”
Monday, September 28, 2009
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