Google and Honeywell announced on Friday that they have reached an agreement on their patent dispute over Nest Labs thermostats.
The lawsuit was first filed by Honeywell back in 2012 against Nest’s Learning Thermostat two years before it was bought by Google.
Here is an excerpt from the press release on the news:
[Google and Honeywell] have reached a long-term patent cross-license agreement reflecting the respective strength of the companies’ patent portfolios. Google and Honeywell believe that this patent accord promotes product innovation and consumer choice in the market for smart home products. The agreement fully resolves pending patent litigation between Honeywell and Nest Labs.
Terms of the agreement have been kept confidential.
