Google, Honeywell agree to resolve Nest Labs patent dispute

Reuters News
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Posted: May 05, 2016 4:42 PM

(Reuters) - Alphabet Inc's Google and climate control systems maker Honeywell International Inc have reached an agreement to resolve patents disputes related to Alphabet's Nest Labs, a maker of Internet-connected thermostats.

The companies said on Thursday that they had reached a long-term patent cross-license agreement.

The statement did not disclose financial and other details of the agreement.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)