Moser Baer, Philips settle patent dispute

Global technology company Moser Baer has settled a patent and licence dispute with global electronics giant Philips. The two companies have signed a confidential settlement agreement, ending a series of disputes in multiple jurisdictions pertaining to recordable CDs and DVDs.

The settlement provides resolution of all claims and counter-claims without any admission of liability or wrongdoing by either party.

“This is a strong and healthy development for the optical media industry and will help us at Moser Baer reduce our business risk and consolidate market position.

We attach great importance to IPR-related issues, which are critical for the growth of the optical media industry,” said Moser Baer Executive Director Ratul Puri.

Moser Baer’s stock surged 5.23 per cent, to close at Rs 81. 55 on the Bombay Stock Exchange.