Both parties have agreed to cease any actions of opposition of a four-year dispute.
Domino’s and tech company Precision Tracking have announced that they settled their long-running legal battle over the GPS Driver Tracker Technology.
In a statement, Domino’s company secretary Craig Ryan said the following:
“Domino's Pizza Enterprises Limited (DPE) is pleased to advise that it has settled its dispute with Precision Tracking Pty Ltd in relation to DPE's GPS Driver Tracker technology.
Under the settlement, DPE is entitled to continue using its GPS Driver Tracker technology and both DPE and Precision Tracking have agreed to discontinue against each other their respective claims. DPE is satisfied with the commercial terms of the settlement which are confidential.
The settlement will not have a material impact on DPE’s FY19 forecast earnings.”
In a separate release, Precision Tracking’s Vladimir Lasky issued this statement:
“Precision Tracking is pleased to announce that we have settled our long-running dispute with Domino’s Pizza Enterprises and Navman Wireless over the GPS Driver Tracker Technology. The specific details of the agreement remain confidential with the exception of the following comments:
1. All proceedings in opposition to any of our patents will cease
2. Domino’s and Navman Wireless are entitled to operate the GPS Driver Tracker
3. Precision Tracking and Delivery Command are entitled to utilise their patents and technology with third parties as they see fit.
We have retained our intellectual property and will continue doing what we do best - creating innovative and world first technology for cafes and restaurants under the Delivery Command brand.
The resolution of this dispute is on mutually satisfactory terms and is the culmination of 4 years of very hard work. We now look forward to focusing on engineering and the creation of innovative solutions and technology that give our clients the edge.”
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