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Article: L-1 Identity Solutions and LG Electronics Resolve Iris Recognition Licensing and Intellectual Property Dispute.
- Article from:
- Business Wire
- Article date:
- May 1, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LG Electronics Licenses Proprietary 2pi Iris Recognition Software from Iridian Technologies, Inc.
STAMFORD, Conn. -- L-1 Identity Solutions, Inc. (NYSE:ID) and its wholly owned subsidiaries Iridian Technologies, Inc. (Iridian) and SecuriMetrics, Inc. today announced the settlement of longstanding litigation over iris recognition technology and intellectual property rights with LG Electronics, Inc. and LG Electronics USA, Inc., a wholly-owned subsidiary of LG Electronics, Inc. (together, "LGE"). The settlement resolves all historical issues and disputes among the parties and dismisses the pending litigation in the U.S. District Court for the District of New ...