LaserMax announced today a highly favorable conclusion of the patent infringement litigation initiated by Crimson Trace against three of LaserMax’s product lines in Portland Oregon, in January 2009. Last week the Court ordered public disclosure of the following settlement terms:
· There was no finding of liability on the part of LaserMax
· LaserMax pays no money to Crimson Trace
· Crimson Trace must grant LaserMax irrevocable, royalty-free licenses for each of the three remaining patents in the suit.
The Court also ordered Crimson Trace to pay LaserMax $10,000 in sanctions. Other terms of the settlement remain confidential. LaserMax also caused Crimson Trace to withdraw one of its principal patents from the suit and to grant LaserMax an unconditional covenant not to sue under that patent prior to the settlement. Furthermore, LaserMax contested the validity of another Crimson Trace patent in a proceeding before the U.S. Patent Office, rendering that patent unenforceable and dedicated to the public.
LaserMax CEO Susan Houde-Walter said “The resolution is good news for LaserMax and our customers, so we can continue our focus in delivering the best and most innovative laser aiming products to the market, as we have in the past.”
LaserMax continues to bring innovative products to market at a fair price, including the new GENESISTM, the world’s first rechargeable green laser, and the Uni-Max ® MICRO, the world’s smallest rail mount laser. LaserMax is best known for its signature product line of internal Guide Rod Lasers.
About LaserMax: LaserMax is a leading innovator and manufacturer of high quality laser sight systems. For more than 20 years, the company has provided laser products for military, law enforcement agencies and commercial markets worldwide. LaserMax additionally delivers the most advanced laser products and optical systems for semiconductor, aerospace, biomedical applications, and telecommunications. LaserMax is a WBENC-certified and ISO 9001:2008 small business. All products are designed and manufactured in a state-of-the-art facility in Rochester, New York, USA. For more information visit us www.LaserMax.com or call 800.527.3703.