Brief: Clearone- Entered Into Non-Exclusive Cross License Agreement With Sennheiser electronic GmbH & Co.
27/12/2023 22:27
Dec 27 (Reuters) - Clearone Inc CLRO.O :
* CLEARONE INC - ON DECEMBER 23, ENTERED INTO A
NON-EXCLUSIVE
CROSS LICENSE AGREEMENT WITH SENNHEISER ELECTRONIC GMBH & CO. KG
* CLEARONE INC - CO AND SENNHEISER HAVE AGREED TO A
PERPETUAL,
NON-EXCLUSIVE CROSS LICENSE OF CERTAIN OF THEIR RESPECTIVE
INTELLECTUAL PROPERTY
* CLEARONE INC - SENNHEISER HAS AGREED TO PAY COMPANY A
ONE-TIME
LUMP-SUM PAYMENT OF $4 MILLION, PAYABLE BY MARCH 20, 2024
Further company coverage: CLRO.O
((Reuters.Briefs@thomsonreuters.com;))