We here at Blind Access Journal are very glad this matter has finally been settled in a manner that permits both Freedom Scientific and Serotek to continue their business operations and retains the ability of innovators in the field to provide the products and services we must have in order to participate in the world of technology alongside our sighted peers. This news calls for celebration!
(St. Petersburg, Florida, and Minneapolis, Minnesota â€“ June 4, 2007) Freedom Scientific and Serotek jointly announced today that they have reached an agreement whereby Serotek has agreed that it was inadvertently infringing Freedom Scientificâ€™s federally-registered trademark.
â€œIt is unfortunate that we had to take this action,â€ said Lee Hamilton, President and CEO of Freedom Scientific, â€œbut trademarks are valuable corporate assets, and they must be protected, or they are lost. This agreement accomplishes that, and we have agreed to dismiss the lawsuit. As part of this agreement, Serotek has agreed not to use our trademark or any other trademark that is similar.â€
â€œWe are pleased with the settlement agreement,â€ said Mike Calvo, CEO, Serotek. â€œWe will be renaming the FreedomBox and other affected products and services in a separate announcement in the near future.â€
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See the Freedom Scientific and Serotek Agreement press release for public confirmation of this wonderful news.