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Acacia Research Corp Subsidiary Enters Into License And Settlement Agreement With Pelco, Inc; Acquires Rights To Automotive Illumination Patent Portfolio From Rambus Inc


Thursday, 2 May 2013 06:00am EDT 

Acacia Research Corp announced that its Criminal Activity Surveillance LLC subsidiary has entered into a license and settlement agreement with Pelco, Inc. This agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of California. The Company also announced that a subsidiary has acquired the rights to an automotive illumination patent portfolio from Rambus Inc. The portfolio relates to automotive and vehicular illumination applications including headlights, taillights, and internal and external lighting. As part of this transaction, Rambus received an initial upfront payment and is expected to receive subsequent payments. Specific terms of the transaction are confidential. 

Company Quote

15.16
-0.32 -2.07%
1 Oct 2014