Garmin International and marine electronics company Navico announced they have ended a three-year-long dispute relating to sonar and auto guidance patents.
The agreement includes a broad cross licensing of patents and other intellectual property.
“This is an exciting time as new technology is bringing positive change to the marine market,” said Cliff Pemble, Garmin CEO.
“This resolution allows us to focus all of our energy to bring even more innovation to our marine customers.”
Navico CEO Leif Ottosson said: “Research and development of game-changing technologies like our DownScan Imaging is the lifeblood of our business and the marine electronics industry.
“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.”
Source: IP strategy news