AgJunction reached a settlement in a patent infringement lawsuit it filed against Kubota Corp. and several of its subsidiaries in August 2019.
The lawsuit alleged that Kubota products infringed three AgJunction patents related to automated machine control and implement steering.
With the settlement, AgJunction and Kubota dismissed the lawsuit and counterclaims. Under the settlement, AgJunction granted Kubota a non-exclusive license in the U.S. and Canada to its patent portfolio in exchange for undisclosed royalty payments from Kubota. The parties also signed an understanding that AgJunction would develop and supply autosteer and autonomous solutions for Kubota’s products around the world.
“We are very pleased to have been able to settle this matter, allowing AgJunction and Kubota to move forward with serious commercial discussions,” said Bob Barjesteh, AgJunction’s executive vice president and general counsel. “Licensing our portfolio to Kubota further validates the strength of our industry-leading patents, allowing us to continue providing unmatched protection to our partners and customers.”
Source: Globe Newswire