Analysis
SynQor Reaches Agreement with Fujitsu in Bus Converter Litigation
SynQor, Inc. today announced that it has reached a partial settlement and license agreement with Fujitsu Limited (Kawasaki, Japan) and its wholly-owned subsidiary Fujitsu Network Communications, Inc. (Richardson, Texas).
SynQor President and Chief Executive Officer, Dr. Martin F. Schlecht, commented: We are very pleased that we could reach agreement with Fujitsu to allow it to continue to supply its products in the United States without further interruption. SynQor continues to work with many customers to ensure that their critical supply needs for unregulated and semi-regulated bus converters are promptly met.
Inquiries concerning the foregoing should be directed to Arthur R. Hofmann, Jr., SynQor's Executive Vice President and General Counsel.