General Patent Corporation’s subsidiary, Advanced Video Technologies, licensed Mustek under Its full duplex single chip video codec patent. The license was announced in an August 10, 2011 GPC press release:
General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today on behalf of its subsidiary, Advanced Video Technologies LLC (AVT), that it settled a patent infringement lawsuit with Mustek, Inc. of Tustin, Calif. As part of the settlement, Mustek took a non-exclusive license under the patent-in-suit at the AVT’s standard royalty rate of $0.25 per unit, and is paying for past acts of infringement of the patent.
AVT owns U.S. Patent No. 5,781,788 (the “‘788 Patent”) titled “Full Duplex Single Chip Video Codec.” In December of 2010, AVT filed a patent infringement lawsuit (Case No. 10-cv-9013) in the U.S. District Court for the Southern District of New York against seven video camera manufacturers. Thus far, Mustek is the fourth defendant to settle the suit. Prior licensees of the ‘788 Patent include Casio Computer Co., Ltd., Casio America Inc., Pure Digital Technologies, Inc., Electro Flip LLC and Audiovox Electronics Corporation.
“We are pleased to have now reached an agreement with four of the seven defendants in the AVT patent litigation,” said Paul J. Lerner, GPC’s Sr. Vice President and General Counsel. “The ‘788 Patent is available for licensing on non-discriminatory terms to other manufacturers,” he added.