Jul 5, 2011
Eagle Harbor Holdings announced that it has filed a lawsuit in federal court in Tacoma, Washington, against the Ford Motor Co (NYSE:F) for the infringement of Eagle Harbors' patents.
The patents in question relate to several technologies that are being used without authorization in Ford, Lincoln, and Mercury vehicles.
Jeffrey Harmes, general counsel for Eagle Harbor Holdings, LLC said, "Our representatives began meeting with Ford in 2002 to discuss and disclose our patented automotive systems technology and its applicability for use in Ford vehicles. These meetings continued until 2008, when Ford stopped communications with us. In early 2009 we informed Ford that its automotive audio systems infringed on our patents. In March 2010, we again informed Ford that its automotive electronics systems, including Ford SYNC, infringed on our patents. Unfortunately, despite our many efforts to communicate with Ford and resolve these issues, Ford continues to refuse to license its use of our patented technology. Ford is ignoring our patent rights and continues to use, without permission or license, Eagle Harbor's technology."
Ford Motor has a potential upside of 40.2% based on a current price of $14.07 and an average consensus analyst price target of $19.73.
Oil & Gas Post
Promote Your Page Too
No comments:
Post a Comment