Barco settles patent litigation with Aydin Displays, Inc.
Kuurne, Belgium, 4 June 2009. Barco, N.V. (Nyse Eurnonext Brussels: BAR), together with its U.S. affiliate Barco Federal Systems, LLC, announced today that it has entered into a License Agreement with Aydin Displays Inc., a subsidiary of Video Display Corporation (NASDAQ: VIDE).
On 13 May 2008, Barco filed a patent infringement lawsuit against Aydin Displays, Inc. The case involved two U.S. patents held by Barco pertaining to LCD flicker compensation (“LFC”), U.S. Pat. Nos. 6,909,472 and 6,359,663. The LFC technology in these patents, which was developed by Barco engineers, is important in military applications, particularly sonar. The License Agreement entered into with Aydin Displays, Inc. resolves all active litigation filed and currently pending between the companies in the U.S. District Court of Northern Georgia.
As part of the Agreement, Barco will issue a non-exclusive license to Aydin Displays, Inc. for the use of Barco's patented LFC technology utilized in certain advanced naval and industrial LCD displays. Under the terms of the License Agreement, Aydin is currently the only company worldwide licensed by Barco for utilization of Barco's LFC in advanced LCD displays.
Financial details of the Agreement were not disclosed
About Barco
Barco, a global technology company, designs and develops visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific.
Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with about 3300 employees worldwide. Barco posted sales of 725 million euro in 2008.
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For more information, please contact
JP
Tanghe
Senior Advisor to the CEO
Barco nv
Telephone
+32 56/26 23 22
jp.tanghe@barco.com
