AUBURN HILLS, Mich.,
May 16, 2011 /PRNewswire/ --
BorgWarner and Honeywell have settled their lawsuit resolving
BorgWarner's patent infringement claims in the U.S. District Court
for the Western District of North
Carolina. Under the terms of their agreement, Honeywell has
agreed to pay $32.5 million for a
paid up license to use the asserted BorgWarner patents. All
other terms of the settlement are confidential.
"This is additional proof that BorgWarner is a global technology
leader in powertrain solutions including turbochargers," said
Timothy M. Manganello, Chairman and
Chief Executive Officer, BorgWarner. "We are proud of our long
history of leading turbocharger innovation and our continued
investment in research and development. BorgWarner is pleased
with its return on this investment — both through the development
and sale of innovative products and through the receipt of fees
related to patent infringement lawsuits."
The lawsuit involved three BorgWarner patents relating to the
design and manufacture of cast titanium compressor wheels, used in
turbochargers. Cast titanium compressor wheels are preferred
for commercial vehicle engine applications with high cyclical loads
and higher charging pressures. BorgWarner's patents were the
result of a special development program to find a cost-effective
solution for these applications.
About BorgWarner
Auburn Hills, Michigan-based
BorgWarner Inc. (NYSE: BWA) is a product leader in highly
engineered components and systems for vehicle powertrain
applications worldwide. The company operates manufacturing and
technical facilities in 59 locations in 19 countries. Customers
include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors,
Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA,
and MAN. The Internet address for BorgWarner is:
http://www.borgwarner.com.
SOURCE BorgWarner Inc.