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Schindler and KONE agreed to settle a dispute of RFID

Inventio AG, a company of the Schindler Group, and KONE Corporation have signed a settlement agreement regarding Inventio's patent family related to RFID call input technology for elevators, including EP Patent No. 699 617, US Patent No. 5,689,094 and others (the "Patents"). The parties reached the agreement on their dispute over the use of the Patents prior to initiating patent litigation in the matter. The settlement agreement provides KONE a license to use the Patents in its operations worldwide against an agreed consideration. The specific terms of the agreement are confidential.

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