GE (GE)

GE and SonoSite, a developer of hand-carried ultrasound systems for the point-of-care, have resolved all pending patent litigation between the two companies.
Under the terms of the settlement agreement, GE will make an upfront payment to SonoSite of $21 million and pay an ongoing royalty on US sales and production of hand-carried ultrasound systems weighing less than 10 pounds in exchange for a perpetual nontransferable worldwide license to SonoSite's US patent family. SonoSite will receive these royalties until the patent expires in 2016.

Oct 21 · 3:04:00 PM · Source: Trading Markets
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by Michael Oliveto