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Publish Date : 18-Aug-2012

Description South Korea\'s Samsung Electronics said on Friday it has reached a deal with German lighting group Osram to settle all their global patent lawsuits, as it continues a high-stakes United States (US) court battle with Apple.

The two firms will dismiss all the suits as quickly as possible and a settlement is expected to be finalised by the end of this month, Samsung said in a statement following the out-of-court agreement.

As part of the deal the companies had reached licencing agreements for each other\'s LED (light-emitting diode) patents, it said.

They had also signed a memorandum of understanding on possible joint development of future LED-based products.

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