Close

Google, Honeywell agree to resolve Nest Labs patent dispute

May 5, 2016 4:42 PM EDT

The neon Google sign in the foyer of Google's new Canadian engineering headquarters in Kitchener-Waterloo, Ontario January 14, 2016. REUTERS/Peter Power/Files

(Reuters) - Alphabet Inc's Google and climate control systems maker Honeywell International Inc have reached an agreement to resolve patents disputes related to Alphabet's Nest Labs, a maker of Internet-connected thermostats.

The companies said on Thursday that they had reached a long-term patent cross-license agreement.

The statement did not disclose financial and other details of the agreement.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Reuters