REO and Precision Photonics Corp. Settle Lawsuit
Boulder-based manufacturers of optics, coatings, and assemblies REO and Precision Photonics Corporation jointly announce that they have reach an agreement resolving the case styled Research Electro-Optics, Inc. v. Precision Photonics Corporation, et al., District Court, Boulder County, Colorado, Case No. 2010cv1025. No party has admitted liability or wrongdoing, and the terms of the resolution are confidential.
In connection with the resolution, PPC has agreed to withdraw certain patent applications and to grant REO a license to another pending patent application if granted.
REO and Precision Photonics are pleased to have this matter behind them and look forward to continuing to provide their customers with exceptional products and services.
No further comment will be made.