ITT Corporation Reaches Patent Settlement Agreement with Nokia

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ITT Corporation (NYSE: ITT) announced that it has reached a settlement agreement with Nokia Corporation and Nokia, Inc. regarding ITT’s patent infringement claim for assisted-Global Positioning System (GPS) technology. The settlement agreement is expected to resolve all issues between the companies regarding ITT’s claim that Nokia mobile devices incorporating assisted-GPS technology infringed ITT’s patent rights. Details of the settlement wi

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