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Vicon Industries Inc. Announces Patent Suit Settlement


Thursday, 14 Jul 2011 11:33am EDT 

Vicon Industries Inc. announced that it has settled the patent litigation suit brought by Lectrolarm Custom Systems, Inc. (Lectrolarm). Under the settlement, the Company agreed to a one-time payment of $5 million to Lectrolarm in exchange for the release of all claims against the Company and the dismissal of its suit pending in the U.S. District Court. 

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