|By Marketwired .||
|June 12, 2014 06:20 AM EDT||
LOS GATOS, CA -- (Marketwired) -- 06/12/14 -- Tela Innovations, Inc. announced that it has resolved its pending patent infringement litigation with Google by a mutual license agreement between the two companies. Tela also reached a separate agreement to settle its pending litigation with Pantech of Korea. Terms of the agreements will remain confidential.
Motorola Mobility LLC, acquired by Google in 2012, and Pantech were named as respondents in an investigation instituted in March 2013 by the United States International Trade Commission as a result of a complaint filed by Tela. Both parties were also named as defendants in Tela's contemporaneously filed patent infringement action in the U.S. District Court for the District of Delaware. Joint motions to dismiss all pending litigation have been filed by the parties. Litigation against the remaining defendants in these suits, LG Electronics, Nokia and HTC, remains pending.
"Tela has invested significant resources to develop and protect its foundational technology enabling continued semiconductor scaling and these agreements are confirmation of the strength of our patent portfolio," said Scott Becker, president and CEO of Tela. "Our patented products enable designers to achieve the best performance, area and power characteristics possible as semiconductor processes continue to scale."
Tela has been ranked by IEEE Spectrum magazine as being among the leaders of the semiconductor and electronics industry for the quality and potential impact of its patents. In 2012 the prestigious organization ranked the company 11th overall in the semiconductor industry, on the strength of the quality of its innovations, which are seen as having long-term impact on addressing key challenges in semiconductor manufacturing.
Tela Innovations is a privately-held company based in Los Gatos, California that provides solutions addressing the challenge of scaling semiconductor design and manufacturing to advanced process nodes. Tela was founded in 2005 by a team of experts in semiconductor IP, design automation and process technology, and is backed by a number of venture firms and corporate investors. For more information on the company visit www.tela-inc.com.
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