HP Enters in Amicable Settlement with Print-Rite

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Relating to the HP 02 inkjet cartridges, HP entered in an amicable settlement agreement with Hong Kong based Print-Rite Holdings Ltd. There were some patent related issues with HP and Print-Rite.

Relating to the HP 02 inkjet cartridges, HP entered in an amicable settlement agreement with Hong Kong based Print-Rite Holdings Ltd. There were some patent related issues with HP and Print-Rite. As per the settlement, Print-Rite acknowledges that HPs patents are valid and in effect. Besides respecting intellectual property mutually, Print-Rite also has agreed to withdraw the products involved in the dispute from the United States and other countries having corresponding patent filings.

According to Stephen Nigro, senior vice president, Inkjet and Web Services Business, Imaging and Printing Group, HP, We are very satisfied with this amicable settlement. We are committed to protect our investments in intellectual property and the settlement is a demonstration of this.