Lynk reached an agreement with Acuity Brands and Schneider electric on patent disputes

Lynk, Labs, Inc., Acuity, Brands, Inc., and Schneider electric (Schneider Electric) have reached a settlement agreement on all requests for patent action filed by Lynk Labs in June 2015. The financial terms and other details of the settlement are kept secret. Under the agreement, Acuity and its Affiliated Companies receive partial authorization of the patent portfolio owned by Lynk Labs.

The leading LED technology maker, Lynk Labs, Inc. today announced a secret settlement between the company's patent infringement and default litigation with Acuity, Brands, Inc. and Schneider Electric. "This is a significant development and milestone for Lynk and its shareholders," said Lynk Labs, chairman and CEO of Inc. Mike Miskin. The settlement proved the value and contribution of Lynk and its intellectual property rights to the LED industry."

Lynk first sued Juno Lighting Group in June 2015, and later sued Schneider electric for infringement of its patents and defaults. After the acquisition of Juno Lighting Group by Acuity Brands, Lynk singled out Acuity as the defendant for patent infringement. In the United States, the Illinois District Court (U.S. District Court of Illinois) fought nearly two years after the lawsuit, the parties have agreed to reconcile 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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