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Honeywell (HON) Announces Settlement with Code Corp. on Patent Infringement Claims; HON to Receive 'Significant Lump Sum Payment' Plus Annual Royalty on Patents

February 12, 2018 1:34 PM EST

Honeywell (NYSE: HON) today announced that it has reached a settlement with Code Corp., a company that manufactures bar code readers, to settle Honeywell's claims that Code infringed certain Honeywell patents related to bar code scanning technology.

Under terms of the settlement, Code has agreed to make a significant lump sum payment to Honeywell to resolve... More