Straight Path Communications Inc. (NYSE: STRP) subsidiary Straight Path IP Group, Inc. said it has entered into a settlement with Bandwidth.com, Inc. of pending litigation proceedings in the United States District Court for the Eastern District of Virginia involving Straight Path IP Group´s patent portfolio relating to communications over a network.
Straight Path IP Group is a communications technology licensing company, headquartered in Glen Allen, VA. Straight Path IP Group´s patent portfolio includes US and international patents. The parties have agreed not to disclose the specific terms of the agreement.
Straight Path (NYSE: STRP) holds, leases, and markets its extensive holdings of 39 and 28 GHz fixed wireless spectrum licenses through its Straight Path Spectrum subsidiary. Straight Path holds, licenses, and conducts other business related to certain patents through its Straight Path IP Group subsidiary. Additional information is available on Straight Path´s website: http://spathinc.com/