Circular will pay competitor Oura royalties to sell its smart ring in the US

Quick Summary:

The agreed-upon terms find the French company entering into a multi-year agreement with Oura, wherein it will license the market leader’s intellectual property for devices sold in the U.S.

Smart ring makers Oura and Circular Tuesday announced a settlement in an ongoing patent suit.

Financial details of the agreement have been kept confidential.

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Article Details

Author / Journalist: Brian Heater

Category: Technology

Markets: United States

Topics: Oura Ring Smart ring Circular Oura Gadgets Hardware

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 16:00:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1690 words

Reading Time: 10 minutes read

Sentences: 60 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21386954

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