Beacon Settles Arete's Flywheel Patent Lawsuit

Law360, New York (November 21, 2008, 12:00 AM EST) -- Energy technology company Beacon Power Corp. has settled a lawsuit filed by Arete Power Inc. over an Arete patent related to flywheel energy storage technology.

The settlement, which Beacon announced Friday, resolves all litigation over the disputed patent and bars Arete from suing Beacon over any other patents. Further details of the settlement are confidential, according to Beacon.

Representatives of Beacon and Arete declined to comment further.

Arete sued Beacon in October 2007 in the U.S. District Court for the Northern District of California. In March,...
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