Meade, Celestron Settle Patent Lawsuits
From Bloomberg News
Meade Instruments Corp., the world’s biggest maker of high-performance telescopes, and closest rival Celestron Acquisition said they had settled all patent litigation over tripods and telescope computers.
Torrance-based Celestron agreed to pay Irvine-based Meade royalties equal to the greater of $100 per unit or 8% of Celestron’s net revenue from telescopes that use technology developed by Meade to level the scopes and enable them to find true north.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.