|By Business Wire||
|January 24, 2014 04:44 PM EST||
SMC Networks, Inc. and Hitron Technologies announced today that they have reached a settlement in the lawsuit filed by SMC in July 2012 against Hitron and two former SMC officers in federal court in California for trade secret misappropriation, business interference and breach of fiduciary duties.
SMC and Hitron agreed to a confidential settlement allowing for the dismissal of all charges. This settlement will allow both companies to remove all legal distractions and concentrate on their normal business activities. SMC and Hitron will continue working together on their common business interests in MSO customers and Hitron will continue to support its products provided to SMC.
About SMC Networks, Inc.
SMC Networks is headquartered in Irvine, California, and is a global provider of Customer Premises Equipment (CPE) to Service Providers. SMC specializes in designing, engineering, and delivering the most innovative wireless and wired products to enable cable, telecommunication and multi-service operators around the world to connect their customers to a completely integrated digital home.
SMC is led by seasoned industry veterans who bring years of executive experience cultivated from the most recognized telecommunication companies and manufacturers. SMC develops and supplies a full line of cable modem, eMTA, data and voice wireless gateway products that offer built-in integration with the company’s line of Home Security, Monitoring and Automation products.
More information on SMC Networks is available at http://www.smc.com.
About Hitron Technologies
Headquartered in Taiwan, Hitron Technologies was founded in 1986 and got listed on TWSE in 2000. Hitron delivers over 3 million DOCSIS-based products annually to MSOs worldwide, which support both residential and business class applications, and global operation spans more than 15 countries. Having partnered with the world's largest service providers, Hitron take pride in its flexibility, responsiveness and capacity to support valued customers' evolving business demands.
More information on Hitron Technologies is available at http://www.hitrontech.com.