Microwave Vision Group and ETS-Lindgren have concluded an agreement providing for an exchange of intellectual property in connection with their disputes regarding advanced technologies for evaluating and measuring antennas.
MVG and ETS-Lindgren have decided to conclude a balanced strategic agreement which preserves their respective interests and resolves their legal proceedings in the United States.
Under the terms of this agreement, each party will henceforth be able to use certain intellectual property belonging to the other. In particular, Microwave Vision may use technologies patented by ETS-Lindgren (U.S. Patent 8,331,869) important in particular for testing 5G solutions while ETS-Lindgren may use technologies patented by Microwave Vision (U.S. Patent 7,443,170) for its antenna measurement testing activities, also important for testing 5G solutions, in particular for higher frequency bandwidths.
Philippe Garreau, Microwave Vision Group's Chief Executive Officer, commented: "We are fully satisfied by the terms of this strategic agreement that will allow us to continue our commercial development under good conditions and while remaining well-equipped to keep our innovation on track. In particular, the patents covered by this agreement are important for testing 5G, a major issue of strategic importance in the field of electromagnetic testing. We will continue to develop a range of multi-captors to address this specific market and launch new products starting in 2017 to meet the specific needs of our customers in this area."
Bruce Butler, President of ETS-Lindgren, commented, "We are very pleased to have concluded this strategic agreement. Its conclusion allows us to focus our resources on the development of unique MIMO and 5G test solutions. Furthermore, it allows us to continue to offer our customers interested in RF testing a wide variety of testing options and technologies."
About MICROWAVE VISION
Since its creation in 1987, The Microwave Vision Group (MVG) has developed a unique expertise in the visualization of electromagnetic waves. These waves are at the heart of our daily lives: Smartphones, computers, tablets, cars, trains and planes -- all these devices and vehicles would not work without them. Year after year, the Group develops and markets systems that allow for the visualization of these waves, while evaluating the characteristics of antennas, and helping speed up the development of products using microwave frequencies. The Group's mission is to extend this unique technology to all sectors where it will bring strong added value. Since 2012, MVG is structured around 3 departments: AMS (Antenna Measurement Systems), EMC (Electro-Magnetic Compatibility), EIC (Environmental & Industrial Control). MVG is present in 10 countries, and generates 90% of sales from exports. MVG has over 300 employees and a loyal customer base of international companies. The Group generated revenues of € 66.0 million in 2016. MVG has received the BPI "Innovative Enterprise" award, and is illegible for PEA-PME.
NYSE Euronext : ALMIC | Alternext, code ISIN FR 0004058949 | For more information: http://www.mvg-world.com
ETS-Lindgren is an international manufacturer of components and systems that measure, shield, and control electromagnetic and acoustic energy. The company's products are used for electromagnetic compatibility (EMC), microwave and wireless testing, electromagnetic field (EMF) measurement, radio frequency (RF) personal safety monitoring, magnetic resonance imaging (MRI), and control of acoustic environments.
Headquartered in Cedar Park, Texas, ETS-Lindgren has manufacturing facilities in North America, Europe and Asia. The company is a wholly owned subsidiary of ESCO Technologies, a leading supplier of engineered products for growing industrial and commercial markets. ESCO is a New York Stock Exchange listed company (symbol ESE) with headquarters in St. Louis, Missouri. Additional information about ETS-Lindgren is available at www.ets-!indgren.com. Additional information about ESCO and its subsidiaries is available at www.escotechnologies.com.