Egersund, Norway – Navico Holding AS, parent company to the Lowrance, Simrad and B&G brands, announced today that it has resolved the dispute with Raymarine Inc. through a license to Navico's patented DownScan sonar technologies. Raymarine and Navico have mutually agreed to dismiss all patent litigations and disputes between them. The terms of the patent license and resolution are confidential.
For more information on Navico, please visit www.navico.com (http://www.navico.com)
About Navico: Navico is the world’s #1 provider of marine electronics to the leisure segment and is an innovative force within the Professional market. A privately held, international marine electronics company, Navico is the parent company to award-winning marine electronics brands: Lowrance, B&G and Simrad. www.navico.com