A123 Systems, Hydro-Quebec, and the University of Texas Settle Lithium Metal Phosphate Battery Chemistry Patent Dispute - MarketWatch

A123 Systems AONE -9.02% , Hydro Quebec, and the Board of Regents of the University of Texas System, on behalf of the University of Texas at Austin (UT) today announced that they have settled their patent disputes regarding lithium metal phosphate technologies, entering into a Settlement Agreement and related Patent Sublicense Agreement that will resolve the existing litigations and create licenses going forward. All litigations will be dismissed and a license under these patents will be granted to A123, as agreed by the parties, under the settlement.