Oura and RingConn Settle Smart Ring Patent Dispute
Oura has announced a new multi-year patent licensing agreement with smart ring rival RingConn, resolving ongoing intellectual property disputes.
The deal settles all outstanding patent litigation between Oura and RingConn in the United States, allowing RingConn to continue selling its smart rings in the US.
- The settlement resolves the import ban imposed by the US International Trade Commission (ITC) earlier this year.
- RingConn will make ongoing royalty payments to Oura, with specific terms remaining confidential.
This agreement follows a similar licensing agreement Oura reached with French smart ring maker Circular last year.
No specific quotes available.
Author's summary: Oura and RingConn settle patent dispute with licensing agreement.
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