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Friday, February 10, 2012
 Pioneer Reached Settlement with Garmin
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Message Text: Pioneer announced today that it has reached a settlement agreement with Garmin Ltd.

In the settlement agreement, Pioneer grants Garmin the right to use specific Pioneer?s GPS navigation patents (US Patent No. 5,365,448; US Patent No. 5,424,951; US Patent No. 6,122,592; DE 692 11 749 (EP 0 508 681); DE 693 24 713 (EP 0 775 892)).

Pioneer had filed a complaint against Garmin and its associated company in the United States International Trade Commission in 2009, alleging Garmin's infringement of Pioneer's patents related to navigation technology. Previously, the Japanese company had filed a complaint against Garmin and its associated companies in the German District Court of Dusseldorf.

Today's settlement terminate both pending litigations.
 
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