World News: 22:00 GMT Wednesday 11th July 2018. [Raven Industries, Inc. via Globe Newswire via SPi World News]
SIOUX FALLS, S.D., July 11, 2018 (GLOBE NEWSWIRE) -- (NASDAQ:RAVN) and AgJunction announced today that the patent infringement lawsuit against the company brought by AgJunction has been settled between the parties. The parties agreed to a mutually acceptable, no-fault business solution. As part of the agreement, Raven is granted a nonexclusive license to a significant portion of AgJunction’s patent portfolio. Under the agreement, both companies will continue to pursue their varied commercial interests.
“Raven is pleased with the results of this agreement,” said Brian Meyer, Division Vice President and General Manager of Raven Applied Technology. “We look forward to continuing to deliver our suite of solutions to the growing precision agriculture industry.”
Source: Raven Industries
Globe Newswire: 22:00 GMT Wednesday 11th July 2018
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