CHICAGO (June 26, 11:30 a.m. EDT) — Machinery maker Milacron Inc. announced it has settled a patent infringement lawsuit against competitor Husky Injection Molding Systems Ltd. over personal computer technology for machine controls.
Milacron said the lawsuit related to "technology that integrates personal computers and machinery control systems."
Under the settlement, Husky will pay an undisclosed amount of money before the end of June, and Milacron will grant Husky a non-exclusive license to use the technology on its machines, according to a Milacron news release.
Milacron made the announcement at NPE 2000 in Chicago.
Milacron said it had filed a lawsuit earlier this year against Husky in U.S. District Court in Cincinnati. In June, Cincinnati-based Milacron also filed a complaint with the International Trade Commission against Husky, which is based in Bolton, Ontario. Milacron said it asked the ITC to block the allegedly offending Husky injection presses from entering the United States.
As part of the settlement, Milacron will dismiss its lawsuit and drop its ITC complaint.
Harold Faig, Milacron vice president of plastics technologies, said in a statement: "This license is being granted to Husky on terms we consider fair and reasonable to both parties. Milacron remains committed to actively protecting this patented intellectual property."