Network-1 Technologies said it agreed to settle its patent litigation against Juniper Networks pending in the US District Court for the Eastern District of Texas, Tyler Division, for infringement of Network-1’s Remote Power Patent.
Juniper was one of 16 original defendants named in the litigation.
Under terms of the settlement, Juniper will pay $13.25 million and receive a fully-paid license to the Remote Power Patent for its full term which expires in March 2020 “which will apply to its sales of Power over Ethernet (PoE) products, including those PoE products which comply with the Institute of Electrical and Electronic Engineers (IEEE) 802.3af and 802.3at Standards.”
Network-1 said it has now reached settlement and license agreements with 15 of the 16 original defendants.
“The sole remaining defendant in the lawsuit is Hewlett-Packard Company,” said Network-1.
“Network-1 seeks monetary damages based upon reasonable royalties. The trial against Hewlett-Packard is scheduled to commence on November 6, 2017.”
Network-1 said it currently has 27 license agreements with respect to its Remote Power Patent, which include, among others, license agreements with Cisco Systems, Inc., Netgear Inc., Alcatel-Lucent USA, Sony Corporation, Shoretel Inc., Microsemi Corporation, Motorola Solutions, Inc., NEC Corporation, Samsung Electronics Co., Ltd., and several other data networking vendors.