Symbol Technologies has settled its wireless local area network (Lan) technology patent litigation row with Proxim.
Under the terms of the settlement, Proxim will pay the Symbol $22.8m (£12.7m) for "previous sales of infringing products".
Proxim will also be obliged to pay Symbol a royalty fee for future sales of wireless Lan products that incorporate technology covered by Symbol patents for the life of those patents, and must transfer certain patents and patent applications to Symbol.
Symbol has valued these royalty payments and patent transfers as the equivalent of a six per cent royalty rate.
Judgment was passed last month awarding Symbol $23m in damages, plus $3m in interest from Proxim.
The ruling followed a jury award in Symbol's favour in September 2003. The award was based on an assessment of a six per cent royalty for sales of infringing products.
"We are extremely pleased with the outcome of this precedent-setting litigation, which has validated Symbol's wireless intellectual property and confirmed Symbol's entitlement to a six per cent royalty on these patents," said Peter Lieb, Symbol senior vice president and general counsel, in a statement.
"We believe Symbol's intellectual property is an important corporate asset and this settlement agreement is another example of Symbol's superior track record in reaching favourable results in defending that intellectual property."
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