LG Electronics and Quanta Computer Announce Settlement

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2008-08-26 10:46

Seoul--(뉴스와이어)--LG Electronics (LG), a global leader and technology innovator in consumer electronics and owner of a substantial portfolio of intellectual property, announced that it entered into a settlement and license agreement with Quanta Computer Inc. (Quanta) to resolve two lawsuits that had been pending in the United States District Court for the Northern District of California.

In connection with the settlement, LG and Quanta filed stipulations with the California court dismissing all claims in two lawsuits with prejudice. Quanta agreed to pay LG royalties for use of LG’s patents on microprocessor chips and chipsets.

Lee Jeong Hwan, Executive Vice President and Head of LG Electronics Intellectual Property Center said, “The parties have reached an amicable resolution to the lawsuits, with Quanta agreeing to pay licensing fees for use of certain LG patents. LG works tirelessly to protect its intellectual property and will continue to do so.”

In each lawsuit LG alleged that Quanta infringed on certain LG-held United States patents covering aspects of computer technology.

LG’s accusation of patent infringement against Quanta related to the systems and methods of assembling components into computers, rather than the components themselves.

The first case, LG Electronic Inc. v. Q-Lity Computer, Inc., et al, was filed in 2001, while the second case, LG Electronics Inc. v. Quanta Computer Inc. and Quanta Computer USA, Inc., was filed in 2008.

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About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in 114 operations including 82 subsidiaries around the world. With 2007 global sales of USD 44 billion, LG is comprised of four business units - Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG is the world’s leading producer of mobile handsets, flat panel TVs, air conditioners, front-loading washing machines, optical storage products, DVD players and home theater systems. For more information, please visit www.lge.com.

LG Electronics 개요
LG Electronics Inc., (KSE: 06657.KS) is the leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world’s largest producer of CDMA handsets, residential air conditioners, optical storage devices and home theatre systems. With total revenue of more than USD 35 billion (consolidated USD 45 billion), LG Electronics is comprised of four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. For more information, please visit www.lge.com.

웹사이트: http://www.lge.com