Conductive Inkjet Tech And Uni-Pixel Displays To Settle Litigation In U.S., UK

(RTTNews) - Conductive Inkjet Technology Limited and Uni-Pixel Displays Inc. (UNXL) have agreed to settle their on-going litigation in the U.S. and the UK.

Conductive Inkjet Technology Limited or CIT has agreed to withdraw its UK claims that Uni-Pixel has used CIT's confidential information for a number of unauthorized purposes relating to its current technology, its past technology and also two of its patent filings.

Uni-Pixel has agreed to withdraw its U.S. claims for declarations that it did not do what CIT alleges, and that CIT breached an agreement between the parties by issuing its claims in the UK courts.

CIT further agreed to release any current and future claims to Uni-Pixel's past and current technology, patents, and other property based on the subject matter of the suits.

Uni-Pixel further agreed to grant CIT certain limited rights to use technology that would be protected by the patents arising from the disputed patent filings. No money will change hands as part of the settlement.

The parties agree that Uni-Pixel owes no further duty of confidentiality to CIT regarding any CIT technology. There are no admissions of any wrong-doing in connection with this dispute.