Agere and Multiplex enter into cross-license agreement, settle pending claims

April 19, 2002--Agere Systems Inc. and Multiplex Inc. jointly announced that they have entered into a patent cross-license agreement. Agere and Multiplex also jointly announced that they have reached a settlement of all pending litigation between the two companies. The terms of the settlement are confidential.

Agere Systems Inc. and Multiplex Inc. jointly announced that they have entered into a patent cross-license agreement. Agere and Multiplex also jointly announced that they have reached a settlement of all pending litigation between the two companies. The terms of the settlement are confidential.

Agere Systems provides optical components and integrated circuits for communications applications and also designs and manufactures a range of semiconductor solutions for communications-related devices used by consumers such as cellular phones, modems, and hard disk drives for personal computers and workstations. Additional information about Agere Systems (Allentown, PA) is available on the company's Web site at www.agere.com.

Multiplex, a privately held venture-backed company, develops high-end, active photonic components and subsystems for end-to-end telecom applications. For more information about the company, which is headquartered in South Plainfield, NJ, visit the company's Web Site at www.multiplexinc.com.

More in Business