Aspen Avionics Announces Settlement With Eclipse Aviation | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.08.24

Airborne-NextGen-07.09.24

Airborne-Unlimited-07.10.24 HOLIDAY

Airborne-AffordableFlyers-07.05.24

Sat, Feb 03, 2007

Aspen Avionics Announces Settlement With Eclipse Aviation

Eclipse Releases Claim Against Company, Receives Stock

Late Friday night, representatives with Aspen Avionics told ANN it has reached a favorable resolution of its litigation with Eclipse Aviation.

"We are happy to have this matter with Eclipse behind us," said Peter Lyons, Aspen Avionics Co-Founder and CEO. "This settlement frees us from the distraction and expense of litigation, and allows us to focus on developing new, breakthrough products for the General Aviation market."

As Aero-News reported, Eclipse filed suit in October 2006 against Lyons and Aspen co-founder Jeff Bethel, claiming the men developed the AT300 Hazard Awareness Display (shown above) while they were still employed at Eclipse. Bethel and Lyons claimed they worked with other engineers to develop the AT300 in 2001, and submitted the device for FAA certification in March 2002. The men were hired by Eclipse later that year.

Under the settlement agreement, Eclipse releases Aspen from any and all claims that were or could have been asserted regarding the company's co-founders' past employment at Eclipse, and assigns any rights under their competing patent application. Aspen will provide Eclipse with a one-percent common stock interest in Aspen, making them a beneficiary of the company's future success.

Bethel, who also serves as Chief Technology Officer at Aspen, says resolution of the lawsuit removes a cloud hanging over Aspen. 

"All eyes are on the horizon now," Bethel said. "Our R&D is in full swing, and we can devote all our efforts to building avionics systems that make aircraft safer and easier to fly."

"We are thrilled to be a part of the emerging aviation industry hub here in Albuquerque (NM), alongside Eclipse Aviation." said Lyons.

FMI: www.aspenavionics.com, www.eclipseaviation.com

Advertisement

More News

Airborne-Flight Training 07.11.24: Alabama Av HS, Med Certs, Diamond-Turkish A/L

Also: PAL Aerospace, ERAU Eclipse, Second Las Vegas Airport, Drone MIL Exhibition The Alabama Aerospace and Aviation High School (AAHS) enrolled its first 9th and 10th grade studen>[...]

ANN's Daily Aero-Term (07.11.24): Climb To VFR

Climb To VFR ATC authorization for an aircraft to climb to VFR conditions within Class B, C, D, and E surface areas when the only weather limitation is restricted visibility. The a>[...]

ANN's Daily Aero-Linx (07.11.24)

Aero Linx: The Collings Foundation The Collings Foundation is a non-profit, Educational Foundation (501(c)3), founded in 1979. The purpose of the Foundation is to preserve and exhi>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

Airborne 07.08.24: Polaris Dawn!, RCAF at Osh, “That’s All, Brother”

Also: Eco Aero-Vandalism, Simulated Mars, KC-46A Pegasus Record, USAF Warrant Officers Polaris Dawn is the first of the Polaris Program, a series of three planned space missions al>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC