Exar Announces Settlement and License Agreement

FREMONT, Calif., March 25, 2016 /PRNewswire/ -- Exar Corporation (NYSE: EXAR), a leading supplier of analog mixed-signal products serving the industrial, high-end consumer and infrastructure markets, announced today that it has entered into a settlement agreement and patent license agreement that resolves all pending litigation in the Eastern District of Texas brought by Phenix, LLC, which had alleged that certain of Exar's integrated circuit products infringed one of its patents. The parties agreed that this settlement shall not be construed as an express or implied admission of misconduct, responsibility or any liability whatsoever on the part of the parties or anyone else. The terms of the settlement agreement and patent license agreement are confidential.

Exar was represented by the Boro Law Firm, Sidley Austin LLP and Findlay Craft PC.

About Exar

Exar Corporation designs, develops and markets analog mixed-signal products for the industrial and embedded systems communications, high-end consumer and infrastructure markets. Exar's broad product portfolio includes power management, signal conditioning, interface, display, data management and video processing solutions. Exar has locations worldwide providing real-time customer support.  For more information, visit www.exar.com.

Exar, XR, the Exar logo are registered trademarks and PowerArchitect is a trademark of Exar Corp. All other trademarks are the property of their respective owners.

Press Contacts:

Rhoeda Farolan
Senior Manager, Corporate Marketing
510-668-7000
[email protected]

Bob Jones or Derek Rye
North America: 408-786-5151
Europe: +44 1225 470000
[email protected]

SOURCE Exar Corporation

Related Links

http://www.exar.com