Schindler Licenses to KONE its Radio Frequency Identification (RFID) Card Reader Patents to Settle a Dispute

Inventio AG, a company of the Schindler Group, and KONE Corporation have signed a settlement agreement regarding Inventio’s patent family related to RFID call input technology for elevators, including EP Patent No. 699 617, US Patent No. 5,689,094 and others (the “Patents”).

The parties reached the agreement on their dispute over the use of the Patents prior to initiating patent litigation in the matter. The settlement agreement provides KONE a license to use the Patents in its operations worldwide against an agreed consideration. The specific terms of the agreement are confidential.

For further information about Schindler’s RFID-Technology see www.schindler.com

About Schindler

Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move one billion people every day all over the world. Behind the company's success are 43,000 employees in over 100 countries.