News

Seiko Epson and TransAct Technologies Settle Patent Negotiations

Friday 4 June 2004 00:51 CET | News

Seiko Epson and TransAct Technologies have settled their patent license negotiations involving a portfolio of Seiko Epson patents related to printing applications for the point of sale (POS) and banking markets.

Under the terms of the settlement, TransAct Technologies will pay Seiko Epson a royalty payment for past unlicensed usage of the Seiko Epson patents. In addition, TransAct will pay Seiko Epson a royalty payment for the products having ESC/POS command set. The settlement also grants Seiko Epson licenses for TransAct Technology patents relating to printing color conversion technology that Epson may consider for future use. Terms of the agreement are confidential.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce







Industry Events