|[January 24, 2014]
SMC Networks, Inc. and Hitron Technologies Settle Legal Issues
IRVINE, Calif. & Hsinchu, TAIWAN --(Business Wire)--
SMC Networks, Inc. and Hitron Technologies (News - Alert) announced today that they
have reached a settlement in the lawsuit filed by SMC in July 2012
against Hitron and two former SMC officers in federal court in
California for trade secret misappropriation, business interference and
breach of fiduciary duties.
SMC and Hitron agreed to a confidential settlement allowing for the
dismissal of all charges. This settlement will allow both companies to
remove all legal distractions and concentrate on their normal business
activities. SMC and Hitron will continue working together on their
common business interests in MSO customers and Hitron will continue to
support its products provided to SMC.
About SMC Networks (News - Alert), Inc.
SMC Networks is headquartered in Irvine, California, and is a global
provider of Customer Premises Equipment (CPE) to Service Providers. SMC
specializes in designing, engineering, ad delivering the most
innovative wireless and wired products to enable cable,
telecommunication and multi-service operators around the world to
connect their customers to a completely integrated digital home.
SMC is led by seasoned industry veterans who bring years of executive
experience cultivated from the most recognized telecommunication
companies and manufacturers. SMC develops and supplies a full line of
cable modem, eMTA, data and voice wireless gateway products that offer
built-in integration with the company's line of Home Security,
Monitoring and Automation products.
More information on SMC Networks is available at http://www.smc.com.
About Hitron Technologies
Headquartered in Taiwan, Hitron Technologies was founded in 1986 and got
listed on TWSE in 2000. Hitron delivers over 3 million DOCSIS-based
products annually to MSOs worldwide, which support both residential and
business class applications, and global operation spans more than 15
countries. Having partnered with the world's largest service providers,
Hitron take pride in its flexibility, responsiveness and capacity to
support valued customers' evolving business demands.
More information on Hitron Technologies is available at http://www.hitrontech.com.
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