Trijicon, Inc. and Holosun Technologies, Inc., reached a settlement late last week. The settlement resolves an earlier patent complaint filed by Trijicon against Holosun on July 29.
Holosun, Trijicon Reach Settlement
Trijicon claimed its sights utilized a housing delivering increased durability and easier use in the Specialized Reflex Optic, according to bloombergquint.com. The SRO retails for $749, while Holosun’s most expensive sight referenced retails for $471. With the settlement announcement, Trijicon claimed it defended its intellectual property around reflex sight features and technology.
“We invest heavily in research, development, and testing at Trijicon to ensure our optics are ready to perform for the most demanding users, and we are committed to defending that investment in innovation,” Trijicon President & CEO Stephen Bindon said.
However, in a similar press release, Holosun acknowledged the settlement, but admitted no wrong doing. Going forward, company representatives welcomed more “spirited competition.”
“We look forward to spirited competition in the marketplace and continuing to create innovative products for professionals, competitors, and enthusiasts. The unique technologies packed into Holosun optical sights make aiming and shooting faster and more intuitive while providing unparalleled value to our customers,” Holosun Business Manager Louis Craig said.
In somewhat unrelated news, Trijicon released its RMRcc red dot last week. It’s a smaller, thinner version of the company’s RMR. So it looks like Trijicon is already way past the suit and onto the future.