OSRAM AG and Samsung Electronics Co., Ltd. have reached an agreement to settle all patent suits between them worldwide. The patent suits have been filed in various countries, including Germany, South Korea and in the United States of America. The parties will dismiss all suits as expeditiously as possible, with a settlement consequently expected to be finalized by the end of August 2012. As part of the settlement, the parties have reached license agreements for their respective LED patent portfolios. The parties have also signed a separate memorandum of understanding to explore the possibilities of jointly developing future LED-based products.
“We are glad to enter with Samsung in a new area of partnership-based competition. We respect the intellectual property rights of other companies and it is our ongoing policy to reach license agreements with other manufacturers of LED products. Along these lines, we appreciate this out-of-court settlement with Samsung,” said Wolfgang Dehen, CEO of OSRAM AG… Read more