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Cognex accepts settlement offer from Multitest

Tue. September 08, 2009; Posted: 11:10 AM
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Sep 08, 2009 (TELECOMWORLDWIRE via COMTEX) -- CGNX | Quote | Chart | News | PowerRating -- Machine vision systems developer Cognex Corporation (Nasdaq:CGNX) has announced it accepted a settlement offer from Multitest Elektronische Systeme GmbH and its US subsidiary in a dispute concerning Multitest's importation and sale of equipment containing MVTec HALCON machine vision software.

The financial terms of the settlement were not revealed.

According to the company, Cognex has alleged in complaints filed with the US International Trade Commission (ITC) and in federal court in Massachusetts that HALCON software, marketed by MVTec Software GmbH, a manufacturer of software tools for machine vision, infringes at least three Cognex machine vision patents.

In addition to Multitest, Cognex said that the ITC is investigating 20 other companies for violating the company's patents by selling importing and using MVTec products.

The current settlement agreement releases Multitest from the ITC investigation. The company is not a party to the federal court lawsuit.

Multitest Elektronische Systeme is a manufacturer of test equipment for semiconductors.

Comments on this story may be sent to tww.feedback@m2.com
For full details on Cognex Corp (CGNX) click here. Cognex Corp (CGNX) has Short Term PowerRatings of 5. Details on Cognex Corp (CGNX) Short Term PowerRatings is available at This Link.

    


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