LG Reaches Deal In Iris-Recognition Technology Suit
Their dispute has its roots in a failed joint development deal between LG and L-1 predecessor IriScan.
Concurrently with the settlement, LG agreed to license iris-recognition software from L-1 subsidiary Iridian Technologies Inc. and receive consultation services from L-1 and Iridian, L-1 said Thursday. Iridian also assigned whatever rights it may have had in the “IrisAccess” trademark to to LG, according to L-1....
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