End to three-year legal dispute
Navico, parent company to the Lowrance, Simrad and B&G brands and Garmin International a unit of Garmin, have ended their three-year-long legal dispute relating to sonar and auto guidance patents.
A statement issued by both companies said the agreement includes a broad cross licensing of patents and other intellectual property that will allow both to bring new innovations to the market faster and benefit all marine customers.
“Research and development of game-changing technologies like our DownScan Imaging is the lifeblood of our business and the marine electronics industry,” said Leif Ottosson, CEO, Navico. “We are very pleased with this resolution, which includes guidelines for the future cross licensing of technologies for the benefit of both of our customers.”
Cliff Pemble, Garmin president and CEO, added: “This is an exciting time as new technology is bringing positive change to the marine market.
“This resolution allows us to focus all of our energy to bring even more innovation to our marine customers.”
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