Vicon Industries Inc., a Hauppauge surveillance-camera company, will pay $5 million to settle an 8-year-old patent lawsuit, the company announced Friday.
Lectrolarm Custom Systems Inc., a Tennessee company, sued Vicon in 2003 over its design of a dome camera system, alleging patent infringement.
In a statement, Vicon continued to maintain that the suit was “without merit” but said it was ready to move on.
“The resolution of the suit allows the company to move forward with its strategic plans after years of management distraction and financial uncertainty since the suit was brought in 2003,” said Vicon chairman and chief executive Ken Darby.
Vicon designs, engineers, assembles and markets a range of video and access-control systems and system components. The company has surveillance systems in use in such varied locations as Hempstead Turnpike, Charles de Gaulle Airport in Paris and the Beijing National Stadium in China, Newsday reported earlier.
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