Patent Infringement | "American Auto-Matrix Resolves Patent Infringement Lawsuit Against TSI Incorporated"

By: Press Release
Source: http://www.marketwatch.com
Category: Patent Infringement

EXPORT, Pa., Jan. 9, 2012 /PRNewswire via COMTEX/ -- American Auto-Matrix today announced that it resolved its patent infringement lawsuit against TSI Incorporated with an amicable and mutually beneficial settlement. 

The lawsuit, which had been pending in federal court since May 17, 2010, involved AAM's U.S. Patent number 5,764,579, entitled "System for Controlling Laboratories with Fume Hoods." This patent broadly covers systems and methods where laboratory and fume hood controls are integrated with Building Automation networks. 

As a result of the settlement, TSI has been granted a non-exclusive license to the patent which extends to its distribution chain and customers. The Settlement Agreement was signed by both parties on December 28, 2011. 

American Auto-Matrix respects the intellectual property rights of other companies and individuals and expects that its intellectual property will be respected by others. American Auto-Matrix remains committed to pursuing legal enforcement against those who infringe on its intellectual property. 

Source: http://www.marketwatch.com/story/american-auto-matrix-resolves-patent-infringement-lawsuit-against-tsi-incorporated-2012-01-09