Brief: Network-1 says Mirror World settled patent litigation with Apple
08/07/2016 21:40
July 8 (Reuters) - Network-1 Technologies Inc NTIP.A :
* Network-1 Technologies Inc - Mirror World Technologies Inc
agreed to settle its patent litigation against Apple Inc
* Network-1 Technologies Inc - under terms, Apple will
receive a fully paid up non-exclusive license to '227 patent for
its full term, which expired in 2016
* Network-1 Technologies Inc - under terms of agreement,
Apple will also receive certain rights to other patents in
Network-1's portfolio
* Mirror World Technologies Inc agreed to settle its patent
litigation against Apple Inc.
* Network-1 Technologies Inc - Network-1 will receive $25
million from Apple for settlement and fully paid up license
Source text for Eikon: ID:nPn7z6n0Ga
Further company coverage: NTIP.A
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