After four years of litigation lawsuit of Netac and Huaqi, held yesterday in Qingdao, China Mobile Storage Development Forum jointly announced on "reconciliation." Both sides indicated that they had reached a consensus on core issues, the future will be "unanimously."
Netac has v. Huaqi flash drive patent infringement, etc.
Netac and Huaqi infringement lawsuit between the began in 2002, the year Netac to the courts that such companies Huaqi flash drive products infringe its "data processing system for the electronic external storage method of flash and device "patent. In 2004, the Court of First Instance ruling in favor of Netac company, the defendant was sentenced to compensate Netac Huaqi companies and to stop selling the company one million yuan flash drive products. Two sides since the results were positive efforts for the second trial, but the two sides formally announced yesterday, "reconciliation" agreement between "your enemy."
Netac company is still currently indicted and U.S. rival PNY Japanese companies such as Sony.
"The successful settlement, in which the China Electronic Chamber of Commerce has played a huge role in the leadership and coordination." Announced in the joint press release explained. As the settlement agreement, confidentiality clause, both parties are reluctant to reveal details of reconciliation.
Huaqi: "the composition of the Chinese team, on behalf of national interests"
Huaqi Information Division, general manager of mobile storage high-Chul had said in an interview that should not be renewed dispute between the two companies, "Chinese enterprises should strengthen cooperation and develop together in the overseas. We should be composed of the Chinese team together representatives of national interests . "
However, Netac has been called the invention of flash drive technology, and thus insiders speculate this "reconciliation" will be "Huaqi pay licensing fees to the other side" as a prerequisite, but none of this high-level confirmation.
Deng Guoshun, president of Netac, said yesterday that in the future in dealing with the relationship between the companies Huaqi, Netac the spirit of "tolerance" and "cooperative" attitude, with the majority of mobile storage companies in seeking a "harmonious development" of the Road.
He also revealed Netac intellectual property strategy "three-step" plan --- that is, "patent application", "Patent Rights" and "patent operations."
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