Alcatel-Lucent Holdings Inc. designs, develops, and markets digital switching, access, transport, and private network system products for the worldwide telecommunications marketplace. The company offers voice, data, and video communication and digital subscriber line solutions. The company also provides voice and data, fixed, and mobile networking and broadband access and transmission services. The company caters to telecommunication carriers, Internet service providers, and enterprises. The company was formerly known as Alcatel USA, Inc. and changed its name to Alcatel-Lucent Holdings Inc. in December 2007. The company was founded in 1976 and is based in Plano, Texas. Alcatel-Lucent Holding...
3400 West Plano Parkway
Plano, TX 75075
Founded in 1976
Network-1 Technologies, Inc. Announces Settlement Agreement with Alcatel-Lucent USA and Alcatel-Lucent Holdings, Inc
Jul 12 16
Network-1 Technologies Inc. announced that it agreed to settle its patent litigation against Alcatel-Lucent USA and Alcatel-Lucent Holdings Inc. pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of Network-1's Remote Power Patent (U.S. Patent No. 6,218,930). Simultaneously, Network-1 announced that it entered into a settlement agreement and non-exclusive license agreement with ALE, USA. As part of the settlements, Alcatel and ALE each entered into separate Settlement Agreements and non-exclusive License Agreements for the Remote Power Patent. Under the terms of the licenses, Alcatel and ALE will receive fully-paid licenses to the Remote Power Patent for its full term which expires in March 2020, which will apply to their sales of Power over Ethernet ("PoE") products, including those PoE products which comply with the Institute of Electrical and Electronic Engineers ("IEEE") 802.3af and 802.3at Standards. The aggregate consideration to be received by Network-1 for the fully-paid licenses is $4,300,000, of which $2,300,000 is payable in three equal quarterly payments contingent upon a ruling to be issued by the U.S. District Court of Texas with respect to a pending motion finding any asserted claim of the Remote Power Patent is valid.