Twist in Schindler's list

EBIKON, Switzerland: Inventio AG, a company of the Schindler Group, and KONE Corporation have signed a settlement agreement regarding Inventio’s patent family related to RFID call input technology for elevators, including EP Patent No. 699 617, US Patent No. 5,689,094 and others (the “Patents”).

As per a press statement, Schindler and KONE agreed to settle a dispute on Schindler’s radio-frequency identification (RFID) patents relating to hall call destination control systems for elevators, which enable efficient and automatic identification of passengers and their destinations in a building.

The parties reached the agreement on their dispute over the use of the Patents prior to initiating patent litigation in the matter. The settlement agreement provides KONE a license to use the Patents in its operations worldwide against an agreed consideration. The specific terms of the agreement are confidential.