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Cognex Receives Settlement in Patent Dispute
Cognex Corporation Posted 09/09/2009NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ:CGNX) has accepted a settlement offer from Multitest Elektronische Systeme GmbH and its U.S. subsidiary in a dispute concerning Multitest’s importation and sale of equipment containing MVTec HALCON™ machine vision software. Terms of the settlement between the parties were not made public.
Cognex has alleged in complaints filed with the U.S. International Trade Commission (ITC) and in federal court in Massachusetts that HALCON software, marketed by MVTec Software GmbH, infringes at least three Cognex machine vision patents. In addition to Multitest, the ITC is investigating 20 other companies for violating Cognex patents by selling, importing and using MVTec products that contain machine vision technology invented and patented by Cognex.
The current settlement agreement releases Multitest from the ITC investigation. Multitest is not a party to the federal court lawsuit.
“Cognex is pleased with Multitest’s decision to resolve this dispute in a rational and business-like way, and we look forward to working with Multitest to integrate Cognex software in its products in the future,” said Dr. Robert J. Shillman, Chairman and CEO of Cognex. “Cognex has invested over $100 million in R&D to develop our leading-edge technology, and on behalf of our shareholders who made that investment, and on behalf of our customers who pay to use our proprietary technology, we will continue to take a very strong stand to protect our patents whenever we discover infringement.”
Cognex Corporation designs, develops, manufactures and markets machine vision systems, sensors and industrial ID readers. Cognex systems are used in factories around the world to automate the manufacture of a wide range of items and to assure their quality. Cognex is the world's leader in the machine vision industry, having shipped more than 500,000 machine vision systems, representing over $2.5 billion in cumulative revenue, since the company's founding in 1981. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices and distributors located throughout North America, Japan, Europe, Asia and Latin America. Visit Cognex on-line at http://www.cognex.com.
Robin Pratt, 858-350-5065
Sr. Manager, Corporate Communications