Moser Baer and Phillips resolve licensing issues
By siliconindia   |    1 Comments
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Bangalore: Moser Baer India and Phillips have resolved their long drawn licensing and patent dispute. The confidential settlement agreement ended a series of disputes in multiple jurisdictions pertaining to recordable CDs and DVDs. The settlement provides resolution of all claims and counterclaims without any admission of liability or wrongdoing by either party. "This is a strong and healthy development for the optical media industry and will help us at Moser Baer reduce our business risk and consolidate our market position. Not only does this settlement serve the interests of both parties involved, as it does the problem of market disruption and provides a more stable environment for the business to grow. We attach great importance to IPR related issues, which are critical for the growth of the optical media industry," said Ratul Puri, Executive Director, Moser Baer. The settlement will pave the way for Moser Baer to maintain and strengthen its market position as one of the leading manufacturer of optical media storage products and will help the company to strengthen its relationship as a preferred Original Equipment Manufacturer (OEM) for the world's leading optical media brands.