SynQor and Ericsson Settle Patent Litigation

20th May 2011

SynQor

ES Admin

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SynQor announced today that it has entered into a definitive Settlement Agreement to resolve its pending litigation with Ericsson Inc. In January 2011, SynQor filed suit against Ericsson, among others (SynQor, Inc. v. Ericsson Inc., Cisco Systems and Vicor Corporation, Civil Action No. 2:11-CV-54-TJW-CE) in the Eastern District of Texas for alleged infringement of SynQor's family of patents relating to bus converters and intermediate bus architecture. In response, Ericsson asserted various affirmative defenses and counterclaims in the litigation.

/> Pursuant to the terms of the Settlement Agreement, Ericsson has agreed to pay an undisclosed sum to SynQor and to discontinue its sales of unregulated and semi-regulated bus converters to third parties in the United States. In exchange, Ericsson has preserved for itself the right to continue to use, make, sell and import Ericsson's semi-regulated bus converters strictly for use in Ericsson end products. The parties also have agreed to mutual releases and a dismissal with prejudice of all claims asserted against each other in the litigation.

Dr. Martin F. Schlecht, President and CEO of SynQor commented: We are pleased to reach this agreement with Ericsson relating to our IBA patents. We look forward to continuing to work with our customers to implement this important power architecture in their telecommunications, network, storage, computing and other applications.

Inquiries concerning the foregoing should be directed to Arthur R. Hofmann, Jr., SynQor's Executive Vice President and General Counsel.