Impinj Announces Settlement of Patent Litigation

Impinj announced a settlement of its patent disputes with NXP Semiconductors N.V. As outlined in an 8-K filed with the U.S. Securities and Exchange Commission, the agreement terminates all pending legal proceedings, releases each party from liability for past patent infringement, and licenses each party’s patents to the other.

It also releases resellers and end users from infringement claims for the sale or use of the parties’ UHF RFID products before the date of the agreement.

The agreement, which concludes a multi-year patent dispute during which Impinj prevailed in multiple trials, includes both an up-front payment and a yearly license fee to Impinj.