Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Impinj Announces Successful Settlement of Patent Litigation By: Impinj, Inc. via Business Wire March 13, 2024 at 16:22 PM EDT Company receives one-time payment and annual license fee Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced a successful settlement of its patent disputes with NXP Semiconductors N.V. As outlined in an 8-K filed with the U.S. Securities and Exchange Commission today, the agreement terminates all pending legal proceedings, releases each party from liability for past patent infringement, and licenses each party’s patents to the other. It also releases resellers and end users from infringement claims for the sale or use of the parties’ UHF RFID products before the date of the agreement. The agreement, which concludes a multi-year patent dispute during which Impinj prevailed in multiple trials, includes both an up-front payment and a yearly license fee to Impinj. “Impinj is passionately inventive,” said Chris Diorio, Impinj co-founder and CEO. “Our more-than 305 issued and allowed RAIN RFID patents are the hard-earned fruits of that passion and reflect significant investment, dedication and sheer hard work. We are committed to safeguarding those patented inventions, ensuring free and fair competition and innovating solutions for our enterprise end users. I believe this settlement advances all three objectives and am pleased with the final outcome.” About Impinj Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com View source version on businesswire.com: https://www.businesswire.com/news/home/20240313912451/en/Contacts For more information, contact: Investor Relations Andy Cobb, CFA Vice President, Strategic Finance +1 206-315-4470 ir@impinj.com Media Relations Jill West Vice President, Strategic Communications +1 206-834-1110 jwest@impinj.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Impinj Announces Successful Settlement of Patent Litigation By: Impinj, Inc. via Business Wire March 13, 2024 at 16:22 PM EDT Company receives one-time payment and annual license fee Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced a successful settlement of its patent disputes with NXP Semiconductors N.V. As outlined in an 8-K filed with the U.S. Securities and Exchange Commission today, the agreement terminates all pending legal proceedings, releases each party from liability for past patent infringement, and licenses each party’s patents to the other. It also releases resellers and end users from infringement claims for the sale or use of the parties’ UHF RFID products before the date of the agreement. The agreement, which concludes a multi-year patent dispute during which Impinj prevailed in multiple trials, includes both an up-front payment and a yearly license fee to Impinj. “Impinj is passionately inventive,” said Chris Diorio, Impinj co-founder and CEO. “Our more-than 305 issued and allowed RAIN RFID patents are the hard-earned fruits of that passion and reflect significant investment, dedication and sheer hard work. We are committed to safeguarding those patented inventions, ensuring free and fair competition and innovating solutions for our enterprise end users. I believe this settlement advances all three objectives and am pleased with the final outcome.” About Impinj Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com View source version on businesswire.com: https://www.businesswire.com/news/home/20240313912451/en/Contacts For more information, contact: Investor Relations Andy Cobb, CFA Vice President, Strategic Finance +1 206-315-4470 ir@impinj.com Media Relations Jill West Vice President, Strategic Communications +1 206-834-1110 jwest@impinj.com
Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced a successful settlement of its patent disputes with NXP Semiconductors N.V. As outlined in an 8-K filed with the U.S. Securities and Exchange Commission today, the agreement terminates all pending legal proceedings, releases each party from liability for past patent infringement, and licenses each party’s patents to the other. It also releases resellers and end users from infringement claims for the sale or use of the parties’ UHF RFID products before the date of the agreement. The agreement, which concludes a multi-year patent dispute during which Impinj prevailed in multiple trials, includes both an up-front payment and a yearly license fee to Impinj. “Impinj is passionately inventive,” said Chris Diorio, Impinj co-founder and CEO. “Our more-than 305 issued and allowed RAIN RFID patents are the hard-earned fruits of that passion and reflect significant investment, dedication and sheer hard work. We are committed to safeguarding those patented inventions, ensuring free and fair competition and innovating solutions for our enterprise end users. I believe this settlement advances all three objectives and am pleased with the final outcome.” About Impinj Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com View source version on businesswire.com: https://www.businesswire.com/news/home/20240313912451/en/
For more information, contact: Investor Relations Andy Cobb, CFA Vice President, Strategic Finance +1 206-315-4470 ir@impinj.com Media Relations Jill West Vice President, Strategic Communications +1 206-834-1110 jwest@impinj.com