ITT Exelis Reaches Patent Settlement Agreements With Verizon, Qualcomm, LG And Kyocera

ITT Exelis (NYSE: XLS) has reached settlement agreements with four companies regarding patent infringement claims related to Exelis assisted Global Positioning System (GPS) technology. The settlement agreements resolve all issues regarding the company’s claim that the mobile devices, components and networks sold or supported by Verizon, Qualcomm, LG and Kyocera, incorporating assisted GPS technology, infringed on Exelis patent rights. Specific details of each of the settlement agreements will remain confidential.

"Exelis is a global leader and innovator in GPS, communications, and numerous other technologies,” said Thomas M. Blasey, Deputy General Counsel and Chief Intellectual Property Counsel for Exelis. “These latest settlements, as well as our prior settlements with other major providers of wireless communication devices and network service, demonstrate that Exelis is fully committed to protecting its intellectual property portfolio.”

About ITT Exelis

Exelis is a diversified, top-tier global aerospace, defense, information and technical services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. We are a leader in communications, sensing and surveillance, critical networks, electronic warfare, navigation, air traffic solutions and information systems with growing positions in C4ISR, composite aerostructures, logistics and technical services. Headquartered in McLean, Va., the company employs about 19,900 people and generated 2012 sales of $5.5 billion. For more information, visit our website at www.exelisinc.com or connect with us on Facebook, Twitter and YouTube.

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