AutoStore and Ocado reach deal to settle patent litigation claims

Norwegian robotics agency AutoStore can pay 200 million kilos ($257.1 million) to British on-line grocery store group Ocado as a part of a deal between the warehouse tech pioneers to settle all excellent patent litigation claims, they stated on Saturday.

Both AutoStore and Ocado license their know-how to retailers all around the world and the businesses had engaged in quite a few authorized battles in numerous international locations to defend their mental property.

Under the deal introduced in a press release on Saturday, all of the patent litigation claims will likely be withdrawn globally and each companies can proceed to make use of and market all their very own current merchandise with out problem.

AutoStore can pay the 200 million kilos to Ocado in instalments over a two-year interval, in response to the assertion. It didn’t give a cause for the agreed cost.

The settlement doesn’t enable for collaboration, know-how assist between the businesses, or entry to precise merchandise, the assertion stated.

It does, nevertheless, grant entry to each the businesses to sure parts of one another’s patent portfolios for them to make use of or manufacture their very own merchandise.

Stay on high of know-how and startup news that issues. Subscribe to our each day e-newsletter for the newest and must-read tech news, delivered straight to your inbox.