Nd Powermat Technologiesalsoagreed To The Entry Of An Injunction Against Non Licensed Use Patented Technologies Quot We Are Extremely Pleased Reach Agreements With Nanami And Yootech These Acknowledge Value Our Intellectual Property Validates Licensing Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TEL AVIV, Israel, Aug. 4, 2022 /PRNewswire/ Powermat Technologies, Ltd., the global leader in advanced wireless power technology, today announced that it hasresolvedits pending patent litigation with Nanami and Yootech and that thesecompanies have entered into patent licensing agreements with Powermat. Under the terms of the settlement, Nanami and Yootech agreed to pay Powermat Technologies an initial payment covering the past use of patented technologies, followed byongoing quarterly licensing payments. As part of the settlement, Nanami, Yootech, and Powermat Technologiesalsoagreed to the entry of an injunction against non-licensed use of the patented technologies. "We are extremely pleased to reach agreements with Nanami and Yootech. These agreements acknowledge the value of our intellectual property and validates our licensing program," said Elad Dubzinski, CEO of Powermat Technologies.Mr. Dubzinski also stated that "while we would always prefer to voluntarily licens ....

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