CSR and Broadcom settle all litigation
Cambridge, UK - CSR plc (LSE: CSR) today announced that the company and Broadcom Corporation have agreed to settle all litigation and legal proceedings between the parties and their affiliates, including Broadcom’s subsidiary Global Locate, Inc. and CSR’s subsidiary SiRF Technology, Inc.
Terms of the agreement are confidential.
The parties will seek to dismiss their various pending actions in U.S. District Court, and the U.S. International Trade Commission (ITC), based in Washington, D.C., and have agreed not to pursue further infringement actions against each other, or against third parties based on use of each others’ products, for a period of five years
CSR plc is a leading provider of multifunction connectivity and location platforms. CSR’s technology portfolio includes Bluetooth, GPS, FM, Wi-Fi (IEEE802.11), UWB, NFC and other technologies to enable silicon platforms that incorporate fully integrated radio, baseband and microcontroller elements. CSR’s Connectivity Centre is designed to enhance the user experience with mainstream mobile devices by intelligent integration of multiple wireless connectivity and location-awareness technologies. CSR’s Location Platforms are complemented by wireless connectivity and multimedia capabilities for high-volume mobile consumer devices and commercial applications.
CSR’s technology has been adopted by market leaders into a wide range of mobile consumer devices such as mobile phones, automobile navigation and telematics systems, portable navigation devices (PNDs), wireless headsets, mobile computers, mobile internet devices, GPS recreational devices, digital cameras, mobile gaming, plus a wide range of personal and commercial tracking applications.
Forward Looking Statements
All statements included or incorporated by reference in this release, in relation to the settlement with Broadcom and related events and their potential effects on CSR other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, management’s beliefs, and certain assumptions made by us, all of which are subject to change. These forward-looking statements can be identified by words such as ‘will’, ‘seek to’, ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘plans’, ‘should’ and other similar expressions.
These forward-looking statements are not guarantees of future results or actual events and are subject to risks, uncertainties and assumptions that could cause actual events and the results to differ materially and adversely from those expressed in any forward-looking statement. These forward-looking statements speak only as of the date of this release and we undertake no obligation to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
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