Itron Inc. has signed a license and settlement agreement with a New York firm over a claim of patent infringement.
The settlement is with Endeavor MeshTech, Inc., a subsidiary of Endeavor IP, Inc, based in New York City. Its website says Endeavor IP is an intellectual property services company that acquires and licenses tech services and products protected by patents.
Terms were not disclosed. An Itron spokeswoman said Itron officials are not permitted to comment on litigation.
In 2013 Endeavor MeshTech filed a federal lawsuit asserting that components used in Itron's OpenWay smart grid system infringe on a wireless network patent owned by Endeavor.
The suit asked the court, if it ruled against the Liberty Lake company, to award damages and issue an injunction to stop the infringement.
Itron's OpenWay smart-grid system is sold to electric utilities around the world. It incorporates network components that connect customer meters to devices that send information about power consumption to other parts of the grid and to utility managers.