Network-1 Reaches Settlement With Dell

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Jul 29, 2020
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NEW YORK, NY / ACCESSWIRE / July 29, 2020 / Network‑1 Technologies, Inc. (NYSE American:NTIP), a company engaged in developing, licensing, and protecting intellectual property, announced today that it has agreed to settle its litigation against Dell, Inc. ("Dell") pending in the District Court, 241st Judicial District Smith County, Texas. The litigation relates to a dispute regarding a Settlement and License Agreement, dated August 15, 2016, with respect to royalty payments relating to licensing Network-1's Remote Power Patent. Under the terms of the settlement, Dell will pay $4,150,000 to Network-1 in full settlement of the litigation.