HP Settles Printer Ink Dispute with Hong Kong Company
Hewlett-Packard settles another dispute concerning patents related to the company's printer ink cartridge technology, following three similar disputes in March. This time, HP settles with a company in Hong Kong for an undisclosed sum.Hewlett-Packard has settled another dispute concerning its printer ink cartridge technology and patents.
On April 1, HP announced that it had reached an agreement with Hong Kong-based Print-Rite Holdings. The dispute centered on HP's patents related to its HP 02 inkjet cartridges.
Print-Rite has now agreed to stop selling similar printer ink cartridges in the United States and other countries where HP holds specific patents, according to an HP statement. No financial terms of the agreement between HP and Print-Rite were announced.
HP remains the world's largest producer of printers and the inkjet cartridges that are used with these machines. In the first financial quarter of 2010, HP's Printing and Imaging Group pulled in about $6.2 billion in revenue.