OFS and Sterlite Settle Lawsuit

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Jan 13, 2010, 02:50 ET

NORCROSS, Ga., Jan. 13 /PRNewswire/ -- OFS Fitel LLC (OFS), designer, manufacturer, and supplier of leading edge fiber optic products, on one hand and Sterlite Technologies Limited, India (Sterlite) on the other hand, are pleased to announce that the parties have fully and completely resolved the patent and related disputes pending in the United States District Court for the Northern District of Georgia, Civ. Action No. 1:02-cv-02149-CAP. As part of the settlement, OFS has granted Sterlite a world-wide license to certain OFS optical fiber patents. Having resolved this dispute, the parties jointly look forward to a continued successful future business relationship. The terms of the settlement agreement are confidential.

"The settlement of this lawsuit reflects our determination to protect our intellectual property," said Timothy Murray, CEO and Chairman of OFS. "OFS continues to make investment to grow our intellectual property portfolio. We intend to ensure that the company's intellectual property is respected by those in the business of manufacturing and selling optical fiber products. We will continue to be vigilant in enforcing our patents and will allow the use of our intellectual property only by those authorized to do so."

About OFS

OFS is a world-leading designer, manufacturer and provider of optical fiber, optical fiber cable, FTTX, optical connectivity and specialty photonics products. Our manufacturing and research divisions work together to provide innovative products and solutions that traverse many different applications as they link people and machines worldwide. Between continents, between cities, around neighborhoods, and into homes and businesses of digital consumers we provide the right optical fiber, optical cable and components for efficient, cost-effective transmission.

OFS' corporate lineage dates back to 1876 and included technology powerhouses such as AT&T and Lucent Technologies. Today, OFS is owned by Furukawa Electric, a multi-billion dollar global leader in optical communications.

Headquartered in Norcross (near Atlanta) Georgia, U.S., OFS is a global provider with facilities in Avon, Connecticut; Carrollton, Georgia; Somerset, New Jersey; and Sturbridge, Massachusetts, as well as in Denmark, Germany and Russia.

For more information, please visit www.ofsoptics.com.

SOURCE OFS