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Genetec breaks silence on patent trolls

August 11, 2020SSN Staff

MONTRÉAL—“We don’t negotiate payment with patent trolls,” Pierre Racz, president of Genetec Inc., said, as the company announced that a patent infringement lawsuit initiated by a non-practicing entity (NPE) was withdrawn by the NPE at an early stage in the proceedings. In a rare result, the NPE paid an undisclosed sum to Genetec.Genetec understands that legal attacks from NPEs are an unfortunate part of the technology business, representing a reported 90 percent of high-tech patent litigation...

Genetec, Jean-Yves Pikulik, non-practicing entity, NPE, patent troll, Pierre Racz