Molex and Hon Hai Announce Litigation Settlement
22 Oktober 2009 - 12:12AM
Business Wire
Molex Incorporated (NASDAQ: MOLX)(NASDAQ: MOLXA) and Hon Hai
Precision Industry Co., Ltd. and Foxconn Electronics, Inc.
(collectively, “Hon Hai”) announce the settlement of the litigation
between them, pending in the United States District Court for the
Northern District of Illinois, that included a dispute regarding
the scope of a DisplayPort* Standard License Agreement. Neither
party has admitted any wrongdoing with respect to the claims and
counterclaims asserted in the litigation. As part of the
settlement, Hon Hai has been granted a separate, worldwide,
royalty-bearing license giving it the right to sell non-standard
connectors using the DisplayPort* mating interface, and having a
through-hole mounting interface.
No further information is available regarding the terms of the
settlement.
About Hon Hai Precision
Industry Co., Ltd
Hon Hai Precision Industry Co., Ltd., based in Taiwan, is one of
the world's largest contract electronics manufacturers. It
manufactures computer, consumer electronics, and communications
products, including connectors, cable assemblies, enclosures,
flat-panel displays, game consoles, motherboards, and servers. Hon
Hai, doing business as Foxconn Technology Group, also provides
design engineering and mechanical tooling services.
About Molex
Incorporated
Molex Incorporated is a 71-year-old global manufacturer of
electronic, electrical and fiber optic interconnection systems.
Based in Lisle, Illinois, USA, the company operates 43
manufacturing locations in 18 countries. The Molex website is
www.molex.com.
*DisplayPort is a trademark of the Video Electronics Standards
Association
Molex is a registered trademark of Molex Incorporated.
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