Nordic Business Report-September 26, 2005-Axis Communication Inc and Compression Labs Inc settle patent dispute
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Swedish network solutions developer Axis AB said on Monday (26 September) that its US subsidiary Axis Communication Inc and Compression Labs Inc had settled a patent dispute. Compression Labs initiated a lawsuit against Axis Communication in 2004, alleging patent infringement in the area of image compression. The dispute has now been settled "on terms that are beneficial to both parties", according to Axis. "Details on the settlement are confidential. However, I welcome the settlement both from a resources and from a financial point-of-view," commented Ray Mauritsson, CEO of Axis Communications.
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