Brief: Calamp Corp Says On May 17, Co Entered Into A Settlement Agreement By And Among Co And Omega Patents

CalAmp

23/05/2022 20:25

May 23 (Reuters) - CalAmp Corp  CAMP.O :
    * CALAMP CORP - ON MAY 17, CO ENTERED INTO A SETTLEMENT
AGREEMENT
BY AND AMONG CO AND OMEGA PATENTS, LLC
    * CALAMP CORP - SETTLEMENT AGREEMENT TO SETTLE CLAIMS
&COUNTERCLAIMS RELATED TO PATENT INFRINGEMENT LAWSUIT FILED BY
OMEGA IN DEC 2013
    * CALAMP CORP - PURSUANT TO SETTLEMENT AGREEMENT, COMPANY
AGREED
TO PAY OMEGA $4.9 MILLION IN CASH
    * CALAMP CORP - OMEGA AGREED TO RELEASE COMPANY FROM CERTAIN
CLAIMS, INCLUDING THOSE ARISING OUT OF LAWSUIT

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 ((Reuters.Briefs@thomsonreuters.com;))