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Samsung Settles Global Patent Case With Osram Lighting
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The company has reached a deal with German lighting group to settle all their global patent lawsuits, as it continues high-stakes US court battle with Apple.
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Saturday, August 18, 2012:
The two firms will dismiss all the suits as quickly as possible and a settlement is expected to be finalised by the end of this month, Samsung said in a statement following the out-of-court agreement.
As part of the deal, the companies had reached licensing agreements for each other's LED (light-emitting diode) patents, it said.
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They had also signed a memorandum of understanding on possible joint development of future LED-based products. The suits had been filed in Germany, South Korea, the United States and other countries.
"We are glad to enter with Samsung in a new area of partnership-based competition," as per the statement quoted by Osram CEO Wolfgang Dehen. Samsung Electronics said it looked forward to building a strategic relationship with Osram, a wholly-owned subsidiary of Germany's Siemens.
Osram announced in August last year that it had filed a complaint in South Korea against LG and Samsung for patent violations, a move it had already taken in four other countries.
It said the two South Korean companies had violated patents on LED lighting, commonly used in television sets and computer display screens. The announcement comes as Samsung Electronics is already embroiled in an international legal battle with US giant Apple over patents for its smartphones and tablet computers and is seeking more than $2.5 billion in damages.
Aadeetya S, EFYTIMES News Network
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