[SatNews] Exelis (NYSE: XLS) has reached a license agreement with Blackberry regarding patent infringement claims related to Exelis assisted Global Positioning System (GPS) technology.
The license agreement resolves all issues regarding the company’s claim that the mobile devices and components sold or supported by Blackberry, incorporating assisted GPS technology, infringed Exelis patent rights. Specific details of the license agreement will remain confidential.
Thomas M. Blasey, Deputy General Counsel and Chief Intellectual Property Counsel for Exelis, said, “This latest agreement, as well as our prior settlements with other major providers of wireless communication devices and network service, demonstrate that Exelis is fully committed to protecting its intellectual property portfolio.”
The Exelis infosite is located at http://www.exelisinc.com/