 |
April 04, 2005
LG Electronics and Matsushita Settle PDP Patent Dispute
|
|
LG Electronics and Matsushita Settle PDP Patent Disputes
Seoul, Korea and Tokyo, Japan - LG Electronics, Inc. (LG Electronics) and Matsushita Electric
Industrial Co., Ltd. (Matsushita) today announced that the two companies have reached a
basic agreement to resolve the legal procedures by a settlement with respect to patents
relating to plasma display panel (PDP) brought in Japan and Korea.
Under the agreement, the companies dismissed the applications of the import suspension
and other legal actions in Korea and Japan, as to their respective PDP patents.
As part of the settlement, the two companies have agreed to enter into a cross-licensing
agreement regarding PC and DVD specifications as well as PDP patents.
LG Electronics and Matsushita welcome an early settlement of the pending disputes. As a
result of the settlement, the companies reconfirmed continued cooperation in other business
areas.
In addition, LG Electronics and Matsushita agreed to set up a Business Collaboration
Committee to further explore potential collaboration areas.
The companies have been maintaining a good relationship since January 2001 when they
agreed to form a business collaboration team in the field of residential air conditioners.
About LG Electronics, Inc.
LG Electronics, Inc. (Korea Stock Exchange: 06657.KS) is a global force in electronics,
information and communications products with 2004 annual sales of US $38 billion
(consolidated). With more than 66,000 employees working in 76 subsidiaries in 39 countries
around the world, LG Electronics is comprised of four main business companies including
Mobile Communications, and Digital Appliance, Digital Display, and Digital Media.
LG Electronics Digital Display Company provides core technologies for cutting-edge digital
products and is a world leader in digital display products including Plasma TVs, LCD TVs and
Monitors, and HDTV (high-definition televisions). For more information please visit
www.lge.com
About Matsushita Electric Industrial, Co., Ltd.
Best known by its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a
worldwide leader in the development and manufacture of electronic products for a wide range
of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded
consolidated net sales of US$71.92 billion for the year ended March 31, 2004. The company's
shares are listed on the Tokyo, Osaka, Nagoya, New York (NYSE:MC), Euronext Amsterdam
and Frankfurt stock exchanges. For more information on the company and the Panasonic
brand, visit the company's website at http://panasonic.co.jp/global/index.html.
|
|
|
|
|
Prev
Next