From Lantronix: "Lantronix Reaches Patent Settlement with USR IoT in Europe"
About Symmetry Electronics Team
Established in 1998, Symmetry Electronics is a focused global distributor of wireless connectivity solutions, sensors, and audio-video technologies. Offering comprehensive design support and available-to-ship inventory, Symmetry is committed to helping engineers accelerate time to market, reduce costs, and offer modern solutions for their IoT designs. Acquired by Berkshire Hathaway company, TTI, Inc. in 2017, Symmetry Electronics is part of the Exponential Technology Group (XTG) – a supergroup of electronic component distributors and engineering services firms working together to advance the electronics industry. For more information, visit www.symmetryelectronics.com.
Lantronix, Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), today announced that it has reached a settlement agreement with Jinan USR IoT Technology, Limited regarding Lantronix’s efforts to enforce certain European patents covering Lantronix’s XPort® family of Serial-to-Ethernet device servers. Under the settlement agreement, USR IoT has agreed to cease all sales, offers to sell and importation of its SuperPort products in the territory of the European patents.
“We are pleased that we were able to reach another favorable outcome on our patent enforcement efforts,” stated Jeff Benck, President and Chief Executive Officer of Lantronix. “We intend to aggressively pursue legal action against anyone that we believe is inappropriately using our intellectual property.”
The agreement essentially extends the previous settlement agreement reached with respect to the lawsuit Lantronix filed against USR IoT in July 2017 in U.S. District Court alleging that some of USR IoT’s products infringed Lantronix’s U.S. patents. In the original settlement, USR IoT agreed to cease and desist sales of SuperPort products in the United States.
Under the terms of the settlement, Lantronix reserved the right to enforce its foreign patents in other countries around the world. Lantronix’s XPort family of products is also protected by patents in several other international jurisdictions, including China, Japan, Hong Kong and Malaysia.
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About Symmetry Electronics Team
Established in 1998, Symmetry Electronics is a focused global distributor of wireless connectivity solutions, sensors, and audio-video technologies. Offering comprehensive design support and available-to-ship inventory, Symmetry is committed to helping engineers accelerate time to market, reduce costs, and offer modern solutions for their IoT designs. Acquired by Berkshire Hathaway company, TTI, Inc. in 2017, Symmetry Electronics is part of the Exponential Technology Group (XTG) – a supergroup of electronic component distributors and engineering services firms working together to advance the electronics industry. For more information, visit www.symmetryelectronics.com.