General Patent Corporation , a premier patent licensing and enforcement firm, announced today on behalf of its subsidiary, Advanced Video Technologies LLC (AVT), that it settled a patent infringement lawsuit between AVT and Coby Electronics Corporation . As part of the settlement, Coby took a non-exclusive license under the patent-in-suit.
AVT LLC owns U.S. Patent No. 5,781,788 (the “788 Patent”) titled “Full Duplex Single Chip Video Codec.” In December of 2010, AVT filed a patent infringement lawsuit against Coby Electronics Corporation and six other companies. General Patent and Coby agreed to settle the lawsuit and have Coby license the “788 Patent”.
“We are pleased to have reached an agreement with Coby Electronics over infringement of the AVT patent,” said Paul J. Lerner, GPC’s Sr. Vice President and General Counsel. “The ‘788 Patent is available for licensing on non-discriminatory terms to other manufacturers,” he added.
Source: Businesswire,USPTO,Advance code