LG Electronics and Quanta Computer Announce Settlement
Seoul, Korea, August 26, 2008 – LG Electronics (LG), a global leader and technology innovator in consumer electronics and owner of a substantial portfolio of intellectual property, announced that it entered into a settlement and license agreement with Quanta Computer Inc. (Quanta) to resolve two lawsuits that had been pending in the United States District Court for the Northern District of California.
In connection with the settlement, LG and Quanta filed stipulations with the California court dismissing all claims in two lawsuits with prejudice. Quanta agreed to pay LG royalties for use of LG’s patents related with computer system.
Lee Jeong Hwan, Executive Vice President and Head of LG Electronics Intellectual Property Center said, “The parties have reached an amicable resolution to the lawsuits, with Quanta agreeing to pay licensing fees for use of certain LG patents. LG works tirelessly to protect its intellectual property and will continue to do so.”
In each lawsuit LG alleged that Quanta infringed on certain LG’s United States patents covering aspects of computer technology.
LG’s accusation of patent infringement against Quanta related to the systems and methods of data transaction in computers, rather than the components themselves.
The first case, LG Electronic Inc. v. Q-Lity Computer, Inc., et al, was filed in 2001, while the second case, LG Electronics Inc. v. Quanta Computer Inc. and Quanta Computer USA, Inc., was filed in 2008.
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About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in 114 operations including 82 subsidiaries around the world. With 2007 global sales of USD 44 billion, LG is comprised of four business units - Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG is the world’s leading producer of mobile handsets, flat panel TVs, air conditioners, front-loading washing machines, optical storage products, DVD players and home theater systems. For more information, please visit www.lg.com.