MRSI Systems and Palomar Technologies Reach Agreement in Intellectual Property Dispute

Boston, MA – December 10, 2020 – MRSI Systems, LLC and Palomar Technologies, Inc. jointly announce they have reached a confidential agreement that settles all litigation currently pending between the companies. All terms of the settlement are confidential. This settlement ends the intellectual property disputes between the companies with respect to all currently existing product lines.

About MRSI Systems
MRSI Systems, part of Mycronic Group, is the leading manufacturer of fully automated, high-speed, high-precision and flexible eutectic and epoxy die bonding systems. We offer “one-stop-shop” solutions for research and development, low-to-medium volume production, and high- volume manufacturing of photonic devices such as lasers, detectors, modulators, AOCs, WDM/EML TO-Cans, Optical transceivers, LiDAR, VR/AR, sensors, and optical imaging products. With 30+ years of industry experience and our worldwide local technical support team, we provide the most effective systems and assembly solutions for all packaging levels including chip-on-wafer (CoW), chip-on-carrier (CoC), PCB, and gold-box packaging. www.mrsisystems.com

For additional information, please contact:
Ian Smith
VP, Corporate Excellence and Marcom
Tel: +1 (978) 395-1155, email: ian.smith@mycronic.com

Brian Paul Gearing, Ph.D.
IP Litigation Partner, Crowell & Moring LLP
Tel: +1 (212) 895-4325, e-mail bgearing@crowell.com
Time Zone: ET – Eastern Time