Cerence Inc.
11/03/2025 | Press release | Distributed by Public on 11/03/2025 06:59
Material Event (Form 8-K)
Item 8.01 Other Events.
On October 13, 2023, Cerence Operating Company (hereinafter referred to as "Cerence") filed its first patent infringement complaint against Samsung Electronics Co. Ltd. and Samsung Electronics America, Inc. (hereinafter collectively referred to as "Samsung") alleging infringement of five Cerence patents (hereinafter referred to as "Samsung I"). On March 15, 2024, Cerence filed its second patent infringement complaint against Samsung alleging infringement of four additional Cerence patents (hereinafter referred to as "Samsung II"). In its responsive pleading to Samsung II, on July 10, 2024, Samsung asserted counterclaims, alleging infringement of U.S. Patent Nos. 10,395,657; 10,720,162; 11,823,682; and 9,583,103 against the Cerence Assistant. Samsung sought damages, including trebled damages, and its costs and fees. On September 4, 2024, Cerence filed its answer denying the allegations and counterclaims of invalidity and noninfringement. Trial for Samsung I was scheduled to begin in October 2025 and trial for Samsung II was scheduled to begin in April 2026. On October 28, 2025 Samsung and Cerence resolved these disputes by entering into a cross-license agreement, which, among other things, resulted in Samsung agreeing to pay Cerence a one-time lump sum payment in the total amount of Forty Nine Million Five Hundred Thousand Dollars ($49,500,000).
Cerence Inc. published this content on November 03, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 03, 2025 at 12:59 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]