Network-1 Announces $5M Settlement with Polycom
- October 5, 2016
Following reported settlements over the past year with Apple, Dell, Sony, and others, publicly traded Network-1 Technologies, Inc. announced this week that it has reached an agreement with Polycom, ending its litigation against the company over the NPE’s 6,218,930 patent. In a press release issued on October 4, Network-1 reported that under the terms of the settlement, Polycom has agreed to license the patent and pay a license initiation fee of $5M “for past sales of its Power over Ethernet (“PoE”) products” plus ongoing royalties based on its sales of PoE products. To date, Network-1 has sued over 20 companies for alleged infringement of the ‘930 patent, which generally relates to detecting PoE compatibility of networked devices. Active defendants in the campaign currently include Avaya, Canon (Axis Communications), Hewlett Packard Enterprise (HPE), and Juniper Networks.
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