HOLTSVILLE, N.Y. and NATICK, Mass., Aug. 14 /PRNewswire-FirstCall/ -- Symbol Technologies, Inc. , The Enterprise Mobility Company(TM), and Global Technology Systems, Inc. (GTS), the manufacturer of Honeywell Batteries and a leader in Mobile Power Solutions, today announced that the companies have entered into a licensing agreement and have settled outstanding intellectual property disputes between the two companies.
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Under the settlement agreement, Symbol and GTS agreed to the licensing of certain Symbol battery patents and copyrights. GTS will now be licensed to produce and sell certain aftermarket batteries worldwide. The specific terms of the settlement agreement are confidential.
Both Symbol and GTS believe that this agreement is in the best interests of their customers and shareholders.
"We are pleased that we were able to reach a good business resolution to this issue that is acceptable and viable for both companies," said Arthur O'Donnell, Symbol senior vice president of global services and chief quality officer. "The timely resolution of this matter provides a strong foundation for a continuing business relationship between Symbol and GTS."
About Symbol Technologies
Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Symbol enterprise mobility solutions integrate advanced data capture products, radio frequency identification technology, mobile computing platforms, wireless infrastructure, mobility software and world-class services programs. Symbol enterprise mobility products and solutions are proven to increase workforce productivity, reduce operating costs, drive operational efficiencies and realize competitive advantages for the world's leading companies. More information is available at http://www.symbol.com/.
About Global Technology Systems
Global Technology Systems, Inc. is a privately held company that is a recognized leader in the design, development and manufacture of battery packs, chargers and power management technology for portable devices. Under an agreement with Honeywell International, Global is the world-wide exclusive manufacturer and marketer of Honeywell battery packs and battery chargers. Honeywell Batteries are relied upon by Fortune 500 businesses, Homeland Security, and public safety agencies to power mission critical communication and mobile computing applications. More information is available at http://www.honeywellbatteries.com/.
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Patricia Hall
Symbol Technologies, Inc.
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