u-blox: u-blox moves court venue against InterDigital to Delaware

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u-blox remains committed to obtaining a license from InterDigital on Fair, Reasonable and Non-Discriminatory (“FRAND”) terms.

Metadata

Provider:

EQS

Retrieved on:

Friday, October 27, 2023

Information

Tags:

Delaware Court, Federal court, IDCC, Delaware Court of Chancery, Federal Courts Improvement Act, Intellectual property, RAI Production Center, Naples, InterDigital, Risk, Reasonable, Communication, SEP, FRAND, Chancery

Geotags:

SCHWEIZ, SWITZERLAND, CALIFORNIA, DELAWARE

⚠ generated by AI ↴

Organisation:

U-BLOX

Stock Symbol:

ISIN:CH0033361673

Summary

Key Points:

u-blox remains committed to obtaining a license from InterDigital on Fair, Reasonable and Non-Discriminatory (“FRAND”) terms.
The Delaware Court of Chancery provides an efficient venue for the resolution of this dispute because the parties involved are incorporated in Delaware and the court is known for setting case schedules that are faster than the Federal Courts.
“We proactively decided to move the case to the Delaware Court of Chancery, because we are committed to this strategy.
We aim to create value for our customers and expect the venue change to allow a much faster resolution of the issue.”

u-blox AG

/ Key word(s): Legal Matter

u-blox: u-blox moves court venue against InterDigital to Delaware

27.10.2023 / 10:00 CET/CEST

u-blox moves court venue against InterDigital to Delaware

u-blox remains committed to obtaining a license from InterDigital on Fair, Reasonable and Non-Discriminatory (“FRAND”) terms.

Thalwil, Switzerland – October 27, 2023 – u-blox (SIX:UBXN), a global provider of leading positioning and wireless communication technologies and services, has made the decision to pursue a FRAND license lawsuit against InterDigital (NASDAQ: IDCC) in the Delaware Court of Chancery and to dismiss the case in the Southern District of California.

The Delaware Court of Chancery provides an efficient venue for the resolution of this dispute because the parties involved are incorporated in Delaware and the court is known for setting case schedules that are faster than the Federal Courts.

“u-blox respects the intellectual property rights of others and has always been and continues to be a willing licensee to standard essential patents (SEPs) under FRAND conditions, ultimately reducing the risk of litigation for our customers and protecting their business,” said Andreas Thiel, Head of Product Centers, Co founder, u-blox. “We proactively decided to move the case to the Delaware Court of Chancery, because we are committed to this strategy. We aim to create value for our customers and expect the venue change to allow a much faster resolution of the issue.”

About u-blox

u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. (www.u-blox.com)

u-blox media contact:

Natacha Seitz

Senior Manager PR and Content Marketing

Mobile +41 76 436 0788
[email protected]

End of Media Release

Language:	English
Company:	u-blox AG
	Zürcherstrasse 68
	8800 Thalwil
	Switzerland
Phone:	+41 44 722 74 44
Fax:	+41 44 722 74 47
E-mail:	[email protected]
Internet:	www.u-blox.com
ISIN:	CH0033361673
Listed:	SIX Swiss Exchange
EQS News ID:	1759321


End of News	EQS News Service

1759321 27.10.2023 CET/CEST