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3 months ago
BRIEF-Calamp, omega stipulated, subject to agreement of court, to supplemental damages of $4.9 mln
May 26, 2017 / 8:46 PM / 3 months ago

BRIEF-Calamp, omega stipulated, subject to agreement of court, to supplemental damages of $4.9 mln

May 26 (Reuters) - Calamp Corp:

* Calamp - co, omega stipulated, subject to agreement of court, to supplemental damages of $4.9 million for sales of products found to infringe omega's patents

* Calamp - damages for infringement of omega's patents from feb 25, 2016 through April 5, plus ongoing royalty for sales of products deemed to infringe after April 5

* Calamp - co is discontinuing products would be subject to royalty and therefore does not believe that any future royalty amounts will be material

* Calamp Corp says as result of stipulation, co expects to record additional reserve of $5.3 million in its fiscal quarter ending may 31, 2017 - sec filing

* Calamp Corp - reserve will not impact non-gaap earnings per share or adjusted EBITDA for fiscal quarter ending may 31, 2017 Source text (bit.ly/2r6HRWC) Further company coverage:

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