The New Jersey-based firms, both founded by Princeton University engineering professor Stephen Chou, agreed to drop all claims, and cross-license technology and patents. NanoOpto also will have a royalty-based, nonexclusive license of certain patents of Nanonex that preceded the founding of NanoOpto. Nanonex and Chou also received a one-time payment.
“Each company now understands what IP it has, what IP the other has, and under what conditions it can use the IP of the other company,” said Hubert Kostal, NanoOpto’s vice president of sales and marketing. “Each company now can look at a list of the patents of the company, and know which of those they have access to.”
NanoOpto uses nanofabrication technology to make optical devices for communications and consumer electronics. Nanonex makes nanoimprint lithography tools and technologies for optical devices, displays, data storage, biotechnology, integrated circuits and other fields.