SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Microcap & Penny Stocks : AgJunction Inc. - HW/SW for Precision Agriculture
AJX.TO 0.520-7.1%Oct 11 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sultan7/11/2018 10:16:56 PM
   of 79
 
AgJunction Settles with Raven in Patent Infringement Suit

Hiawatha, July 11, 2018 (GLOBE NEWSWIRE) -- AgJunction Inc. ( AJX.TO), a leader in advanced guidance and autosteering, announced today that it has settled a patent infringement lawsuit it filed against Raven Industries, Inc. (“Raven”) in January of this year. The suit alleged Raven products violated three AgJunction patents related to automated mechanical steering, implement steering and system calibration technologies.

Raven and AgJunction announce that they have reached a mutually agreeable no-fault business solution, whereby Raven is granted a nonexclusive license to a significant portion of AgJunction’s extensive patent portfolio, and the litigation is resolved. Under the agreement, both companies will continue to pursue their varied commercial interests.

“We are very pleased to announce this agreement with Raven to license certain of our technology; commercialization of our patent portfolio is a vital component of our corporate strategy and central to the success of our business and that of our partners,” said Bob Barjesteh, vice president of intellectual property and general counsel for AgJunction. “Licensing these patents to Raven substantiates the strength of our industry-leading intellectual property portfolio.”

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext