(Minneapolis, MN and Irvine, CA, May 2, 2006) – Digi International® Inc. (NASDAQ: DGII) and Lantronix, Inc. (NasdaqSC:LTRX - News), today announced that the companies have signed an agreement to cross-license each other’s patents and have settled all pending patent infringement litigations between the companies.
Under and subject to the terms of the agreement each company will have the benefit and protection afforded by all of each other’s current and future patents for a period of six years. Additional terms of the settlement were not disclosed.
About Digi International
Digi International, based in Minneapolis, makes device networking easy by developing easy to use and cost effective products and technologies. Digi markets its products through a global network of distributors and resellers, systems integrators and original equipment manufacturers (OEMs).
Lantronix, Inc. (NasdaqSC:LTRX - News) provides technology solutions that deliver Net Intelligence(tm), helping businesses remotely manage network infrastructure equipment and rapidly network-enable their physical electronic devices. Lantronix was founded in 1989 and has its worldwide headquarters in Irvine, California.