Exelis (XLS) (NYSE: XLS) has reached a license agreement with Blackberry regarding patent infringement claims related to Exelis assisted Global Positioning System (GPS) technology.
The license agreement resolves all issues regarding the companys claim that the mobile devices and components sold or supported by Blackberry, incorporating assisted GPS technology, infringed Exelis patent rights. Specific details of the license agreement will remain confidential.
“Exelis is a global leader and innovator in GPS, communications, and numerous other technologies, said Thomas M. Blasey, Deputy General Counsel and Chief Intellectual Property Counsel for Exelis. This latest agreement, as well as our prior settlements with other major providers of wireless communication devices and network service, demonstrate that Exelis is fully committed to protecting its intellectual property portfolio.
About Exelis
Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. We are a leader in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems; and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures. Headquartered in McLean, Va., Exelis employs about 17,000 people and generated 2013 sales of $4.8 billion. For more information, visit our website at www.exelisinc.com or connect with us on Facebook, Twitter and YouTube .
Exelis Inc.
Investors
Katy Herr, 703-790-6376
Katy.Herr@exelisinc.com
or
Media
B.J. Talley, 703-790-6349
William.Talley@exelisinc.com
