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Navico announces resolution in Raymarine dispute - Trade Only Today

Navico announces resolution in Raymarine dispute

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Navico Holding AS, parent company of the Lowrance, Simrad and B&G brands, said it resolved a dispute with Raymarine through a license to Navico's patented DownScan sonar technologies.

Raymarine and Navico mutually agreed to dismiss all patent litigation and disputes between them, Navico said in a statement.

The terms of the patent license and resolution are confidential.

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