Lynk and Acuity Brands, Schneider electric dispute settlement on patent disputes

Lynk Labs, Inc., Acuity Brands, Inc. and Schneider electric (Schneider Electric) has reached a settlement agreement on all claims filed in Lynk Labs June 2015 patent litigation. Reconciliation of financial terms and other details. Under the agreement, Acuity and its Affiliated Companies to obtain part of the patent license Lynk Labs owned.

Leading LED technology manufacturer Lynk Labs, Inc. today announced that the company with Acuity Brands, Inc. and Schneider Electric patent infringement and breach of contract lawsuit has reached a secret settlement. Lynk Labs, chairman and chief executive officer Mike Miskin, said: "this is a significant milestone for Lynk and its shareholders in terms of Inc. The settlement demonstrates the value and contribution of Lynk and its intellectual property rights to the LED industry. "

Lynk initially filed a lawsuit against Juno Lighting Group in June 2015, and later sued Schneider for violating its patents and defaults. After the acquisition of Juno Lighting Acuity Group, Lynk alone will also be classified as Acuity patent infringement defendant in the case of Brands. In the United States of District Court (U.S. District Court Illinois) after nearly two years of litigation, the parties have agreed to settle and sign a license agreement.

Mike Miskin said: "Lynk has invested millions of dollars in research and development, so that LED can easily applied to the design of LED replacement lamps, such as T8 LED lamp, MR lamp, lamp and other lighting lamp or rail system, and through the electronic ballast, transformer and inverter high frequency alternating current source to provide LED lighting. "Lynk will continue to expand its portfolio of patents and licensing program, the portfolio now includes more than 50 have been issued or pending US and international patents, from AC LED to LED full set of basic circuit (AC / DC LED lighting system, lighting and display technology).

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