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Finisar, Source Photonics Settle Patent Dispute

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SUNNYVALE, Calif., Sept. 20, 2010 — Finisar Corp. announced recently its entrance into a settlement and cross license agreement with Source Photonics Inc. to resolve the lawsuit it filed claiming infringement on its portfolio of digital diagnostics and transceiver module patents. The agreement also provides a general release to MRV Communications Inc. Under the terms of the settlement, Source Photonics will pay a license fee to the subsystems and components supplier in the amount of $14.5 million for a fully paid-up license to its digital diagnostics and transceiver module patents, good through Dec. 31, 2015. ...Read full article

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    Published: September 2010
    Glossary
    transceiver
    An instrument or system capable of both transmitting and receiving a signal.
    Americasannual revenue growth rateBusinessCommunicationscomponentsdigital diagnosticsfiber opticsFinisarFinisar Corporationlawsuitlicense feeMRV CommunicationsOpticspatent infringementpatentsportfolioSource PhotonicsSource Photonics Inc.subsystemssuetransceiver

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