Cognex, Microscan Settle Litigation

(RTTNews) - Cognex Corp. (CGNX) said Thursday that it has settled all outstanding litigatio with Microscan Systems, Inc.

The settlement includes a patent cross-license agreement that allows both companies to continue producing current models of their handheld barcode readers. Cognex and Microscan compete in the market for direct part mark handheld barcode readers, products that are capable of reading the most challenging codes marked directly on parts. The products utilize sophisticated lighting techniques to enable decoding, the patents for which are addressed by the settlement.