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General Electric, Vestas Wind Settle Patent Dispute

Date : 25/06/2019 @ 16h53
Source : Dow Jones News
Valeur : General Electric Company (GE)
Cours : 10.2352  -0.0348 (-0.34%) @ 16h09
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General Electric, Vestas Wind Settle Patent Dispute

Gen Electric (NYSE:GE)
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By Adria Calatayud

 

General Electric Co. (GE) and Vestas Wind Systems AS (VWS.KO) have reached a settlement to a dispute relating to multiple patent-infringement claims in the U.S., the Danish wind-turbine maker said Tuesday.

As part of the agreement, GE will drop a lawsuit against Vestas launched in July 2017 and the Danish company will abandon its two counterclaims against GE, Vestas said. The settlement also includes a confidential payment from Vestas to GE as well as a cross-license to the patents-in-suit and their family members, Vestas said.

Any past infringements of the patents-in-suit are fully released, the Danish company said.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

June 25, 2019 10:38 ET (14:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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