MANHASSET, N.Y. Symbol Technologies Inc. has entered into a licensing agreement with Terabeam, Inc., the parent company of Proxim Wireless Corp., settling long-standing patent litigation between the two companies.
Under the agreement, Terabeam (San Jose) will pay Symbol (Holtsville, N.Y.) $4.3 million to license certain Symbol patents that are related to Wi-Fi standard 802.11, as well as transfer certain patents to Symbol and provide Symbol a license for certain Terabeam wireless patents. The licensing agreement continues for the life of the patents.
The $4.3 million will made paid in a series of payments to Symbol through the second quarter of 2009.
Symbol created the first commercially available wireless local area network (WLAN) in 1989, and in 1993 submitted a joint technical proposal that was accepted by the Institute of Electrical and Electronics Engineers (IEEE) as the base of the 802.11 standard.
In July 2004 the U.S. District Court in Delaware rejected a series of motions and appeals and entered an order for Proxim to pay Symbol Technologies about $26 million to settle a patent infringement dispute between the companies.