Eaton and APC Settle Patent Litigation

American Power Conversion (APC) and Eaton Corp. have entered into a binding memorandum of understanding to settle ongoing patent litigation currently pending in the United States District Court for the Eastern District of North Carolina and the United States District Court for the District of Delaware. In addition, APC and Eaton have agreed to cross-license multiple patents that were involved in the litigation.

WEST KINGSTON, RI and PITTSBURGH — American Power Conversion (APC) and Eaton Corp. have entered into a binding memorandum of understanding to settle ongoing patent litigation currently pending in the United States District Court for the Eastern District of North Carolina and the United States District Court for the District of Delaware.

In addition, APC and Eaton have agreed to cross-license multiple patents that were involved in the litigation. The two companies have also agreed to a ten-year covenant prohibiting the companies from filing against each other any additional patent infringement suits related to products of the other that are based on U.S. patent claims which are directed to electronic hardware that performs double conversion for power electronics.

The two companies expect to have a definitive agreement in place by the middle of March. Neither party will pay the other any monetary compensation in connection with the settlement.

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