NETGEAR and Network-1 Settle Patent Dispute
Source: www.voip-news.com
Network-1 Security Solutions, Inc. has agreed to settle its court battle with NETGEAR. NETGEAR was accused of infringing on Network-1’s Remote Power Patent.
Under the settlement, NETGEAR will have a non-elusive license to the technology that runs through March 2020, paying quarterly royalties based on the sales of its Power over Ethernet products. Additionally, there will be an upfront payment of $350,000.
“We are very pleased that NETGEAR agreed to take advantage of the terms of our Special Licensing Program and become a licensee of our Remote Power Patent,” commented Corey M. Horowitz, Chairman and Chief Executive Officer of Network-1. “This outcome is consistent with Network-1’s goal of making licenses available to the technologies covered by the Remote Power Patent to the Power over Ethernet industry in a manner that promotes the widespread adoption of this important industry standard.”
According to Network-1:
The Remote Power Patent relates to, among other things, delivering power over Ethernet cables to remotely power network connected devices including, among others, wireless switches, wireless access points, RFID card readers, VoIP telephones and network cameras. In June 2003, the IEEE approved the 802.3af PoE Standard which led to the rapid adoption of PoE. The IEEE is currently working on the 802.3at Power over Ethernet Plus (PoE Plus) Standard which will increase the maximum power delivered to network devices to 40-60 watts from the current 15 watts under the 802.3af Standard.
