Honeywell, The Code Corporation Reach Settlement On Patent Infringement Claims
February 12, 2018
FORT MILL, S.C., Feb. 12, 2018 /PRNewswire/ -- Honeywell (NYSE: HON) today announced that it has reached a settlement with Code Corp., a company that manufactures bar code readers, to settle Honeywell's claims that Code infringed certain Honeywell patents related to bar code scanning technology.
Under terms of the settlement, Code has agreed to make a significant lump sum payment to Honeywell to resolve Honeywell's claims and to pay an annual royalty to license certain Honeywell patents. Code also has agreed to redesign a portion of its products and not to revert back to certain designs of this products that were alleged to have violated Honeywell patents. In addition, Code will dismiss all claims it asserted against Honeywell.
In 2017, Honeywell filed two patent infringement lawsuit against Code in federal courts for infringement of multiple patents related to Honeywell's bar code reading technology that makes bar code readers easier to use and operate faster and more accurately. Honeywell also filed a complaint asking the U.S. International Trade Commission (ITC) to preclude Code from importing its products that were alleged to have infringed Honeywell's patents into the U.S. As part of the settlement, Honeywell will withdraw those legal actions.
"We are pleased to reach an agreement with Code to settle our claims of patent infringement," said Peter Howes, president of Honeywell's Productivity Products business. "Honeywell is committed to vigorously protecting its intellectual property."
George Powell, President and CEO of Code Corp., said, "We acknowledge the value of Honeywell's patent portfolio relating to bar code scanning technology. Having access to this technology will benefit Code's customers."
Honeywell Safety and Productivity Solutions (SPS) provides products, software and connected solutions that improve productivity, workplace safety and asset performance for our customers across the globe. We deliver on this promise through industry-leading mobile devices, software, cloud technology and automation solutions, the broadest range of personal protective equipment and gas detection technology, and custom-engineered sensors, switches and controls. We also manufacture and sell a broad portfolio of footwear for work, play and outdoor activities, including XtraTuf' and Muck Boot' brand footwear.
Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.