General Electric, Vestas Wind Settle Patent Dispute
June 25 2019 - 10:53AM
Dow Jones News
By Adria Calatayud
General Electric Co. (GE) and Vestas Wind Systems AS (VWS.KO)
have reached a settlement to a dispute relating to multiple
patent-infringement claims in the U.S., the Danish wind-turbine
maker said Tuesday.
As part of the agreement, GE will drop a lawsuit against Vestas
launched in July 2017 and the Danish company will abandon its two
counterclaims against GE, Vestas said. The settlement also includes
a confidential payment from Vestas to GE as well as a cross-license
to the patents-in-suit and their family members, Vestas said.
Any past infringements of the patents-in-suit are fully
released, the Danish company said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
June 25, 2019 10:38 ET (14:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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