ADC (ADCT) and Tyco Electronics (TEL) Reach FTTX Licensing Agreement
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ADC (NASDAQ: ADCT) announced that Tyco Electronics (NYSE: TEL) has taken a license to certain ADC patents directed to fiber-to-the-premises (FTTX) technology. The licensing agreement between the two fiber optic connectivity market leaders settles existing litigation between the companies. ADC's patents relate to fiber distribution hubs, optical splitter modules and fiber drop terminals that are widely deployed in the FTTX environment.
For ADC, the license provides acknowledgment of the company's FTTX patent portfolio by another industry leader in the FTTX market. "ADC has an industry standard license available to our FTTX portfolio," said Jaxon Lang, vice president Global Connectivity Solutions Americas for ADC. "With Tyco Electronics agreeing to take a license to ADC's portfolio, it provides recognition of the value of our portfolio by companies making fiber distribution hubs and fiber drop terminals for the FTTX market."
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