Universal Electronics Inc., Universal Electronics BV, Telenet BVBA and FM Marketing GmbH and Ruwido Austria GmbH Settle Patent Infringement Litigation

About this update from Universal Electronics Inc.

[{"type":"text","content":" SCOTTSDALE, Ariz.--(BUSINESS WIRE)--\nUniversal Electronics Inc. (UEI) (NASDAQ:UEIC), Universal Electronics BV (UEBV), Telenet BVBA (Telenet) and Ruwido Austria GmbH (Ruwido) and FM Marketing GmbH (FM Marketing) today announced that the companies have settled the various lawsuits involving patent and design rights infringement and unfair competition claims asserted by Ruwido and FM Marketing against UEBV and Telenet due to their distribution of two remote controls in Europe and all counterclaims asserted by UEBV and Telenet against Ruwido and FM Marketing. By this settlement, the specific terms of which are confidential, the parties withdraw and dismiss with prejudice all court proceedings, UEI has ceased its opposition of the patent which it filed in the European Patent Office, UEBV and Telenet are allowed to continue manufacturing and selling the remote controls without restriction, and FM Marketing has paid an undisclosed amount to UEBV and Telenet. The lawsuits, now completely settled, were pending before the Belgium and Netherlands courts since 2015.\n\n\nAbout Universal Electronics\n\n\nUniversal Electronics Inc. is the worldwide leader in universal control and sensing technologies for the smart home. For more information, please visit www.uei.com/about.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20200528005785/en/\n\nRichard A. Firehammer, Jr., SVP and General Counsel, UEI, 480.530.3000\n\n\nPress: Shoshana Leon, Corporate Communications, UEI, [email protected], 480.521.3354\n\n\nIR: Kirsten Chapman, LHA Investor Relations, [email protected], 415.433.3777\n\nSource: Universal Electronics Inc.","length":3298,"tagName":"div"}]

More updates from Universal Electronics Inc.