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Asylum Research Corporation
Asylum Research Settles Patent Dispute with Veeco
August 30th, 2008
Asylum Research Corporation, an employee-owned, premier manufacturer of atomic force microscopes, announced that the patent litigation between it and Veeco Instruments Inc. (Nasdaq:VECO) which started in September 2003 has been settled. Under the terms of the settlement, Asylum and Veeco have agreed to drop all pending claims against each other and agreed to a five year, worldwide cross license of each other's patents and a mutual covenant not to sue on patents either party has a right to assert. Asylum will pay an initial license fee to Veeco plus an ongoing royalty for the five-year term of the cross license. As part of the settlement, Asylum acknowledged the validity...
Source: Law & Health Weekly (2008-08-30)
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