Archos SA and its subsidiary Archos Inc and Smartdisk Inc have signed an amicable agreement regarding a lawsuit involving alleged intellectual property infringement of two patents filed by U.S.-based Smartdisk, Inc. This lawsuit, mentioned in both the 2005 and 2006 Archos reference documents, was filed by Smartdisk in the tribunal of Marshall, Texas, in September 2005.
The settlement provides for the allocation of 250,000 shares of Archos stock to Smartdisk from a capital increase reserved specifically for Smartdisk, pending the approval of the extraordinary general assembly to occur in the 3rd quarter 2007.
As a result of their accord, Archos and Smartdisk shall explore opportunities for commercial cooperation in the North American territories.
ARCHOS is a global consumer electronics manufacturer and the technology leader in the field of portable entertainment. Committed to the most innovative technology and inventor of the portable video player, ARCHOS offers award-winning pocket-sized products that feature audio and video recording, photo viewing, and other multimedia and productivity applications for the enjoyment of the most exciting entertainment anywhere, anytime. ARCHOS has offices in the United States, Europe and Asia.
ARCHOS is quoted on Compartment B of Euronext Paris, ISIN Code FR0000182479.
More information is available online at www.archos.com.
Tél. : 01 69 33 16 90
Tél: 01 53 67 35 74
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|ARCHOS||Euronext Paris||1.27||-0.78%||77 300|