Axis announces settlement with Compression Labs Inc.

Axis today announces settlement of the patent infringement lawsuit brought against its American subsidiary Axis Communication Inc. by Compression Labs Inc.

The lawsuit on patent infringement that was brought against Axis Communications Inc, Axis American subsidiary, by Compression Labs Inc. has been settled on terms that are beneficial to both parties. Compression Labs Inc. initiated during spring 2004 the lawsuit, on patent infringement in the area of image compression. "Details on the settlement are confidential. However, I welcome the settlement both from a resources and from a financial point-of-view", said Ray Mauritsson, CEO of Axis Communications.

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Axis enables a smarter and safer world by creating network solutions that provide insights for improving security and new ways of doing business. As the industry leader in network video, Axis offers products and services for video surveillance and analytics, access control, and audio systems. Axis has more than 3,000 dedicated employees in over 50 countries and collaborates with partners worldwide to deliver customer solutions. Founded in 1984, Axis is a Sweden-based company listed on the NASDAQ Stockholm under the ticker AXIS. For more information about Axis, please visit our website


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