March 10 (Reuters) - Universal Display Corp:
* Co and Motorola Solutions entered into a patent purchase agreement
* Purchased portfolio of 74 issued U.S. patents,numerous foreign counterparts
in various countries from Motorola
* Purchase agreement effectively terminates license agreement between co and
Motorola dated September 29, 2000
* Says agreed to make a one-time cash payment to Motorola
* Agreement eliminates obligation of co to make additional royalty payments to
Motorola under license agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Co and Motorola Solutions entered into a patent purchase agreement
* Purchased portfolio of 74 issued U.S. patents,numerous foreign counterparts
in various countries from Motorola
* Purchase agreement effectively terminates license agreement between co and
Motorola dated September 29, 2000
* Says agreed to make a one-time cash payment to Motorola
* Agreement eliminates obligation of co to make additional royalty payments to
Motorola under license agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.