Philips terminates Princo's licenses

Wednesday, February 28, 2001

Philips terminates Princo's licenses

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"...There have been persistent rumours that Philips and Princo would have settled their disputes concerning the CD-R Disc License Agreement which has been terminated early 2000. These rumours are categorically denied by Philips. For good order's sake, Philips hereby confirms that Princo remains unlicensed for Philips' CD-R patent rights and that all CD-R products manufactured and sold by Princo will infringe Philips' patent right in relevant countries..."