Rekor Systems, Inc. — Form 10-Q, quarter ended September 30, 2020 (excerpt: Legal Proceedings)
U.S. Securities and Exchange Commission
https://www.sec.gov/Archives/edgar/data/1697851/000165495420011990/rekr_10q.htm
(CIK 0001697851)

Vigilant Solutions, LLC, a subsidiary of Motorola Solutions, Inc., filed a complaint on February 21, 2020 against the Company and certain of the Company's subsidiaries in the US District Court for the District of Maryland. The complaint alleged that certain of the Company's products violated a patent held by Vigilant. On June 10, 2020, the Company filed an Answer to the complaint denying the pertinent allegations and asserting substantial defenses to the allegations contained in the complaint, including that the patent underlying the complaint is invalid.

On September 8, 2020, the Company and certain of the Company's subsidiaries that were defendants in the Vigilant Solutions, LLC Litigation discussed above filed a Petition for Inter Partes Review at the U.S. Patent and Trademark Office's Patent Trial and Appeal Board ("PTAB") requesting that the PTAB review and find unpatentable certain claims of the patent asserted by Vigilant in the Vigilant Solutions, LLC Litigation. The PTAB was expected to decide whether to institute review in March or April 2021.

On September 23, 2020, the Company filed a Motion to Stay Pending Inter Partes Review in light of a Petition for Inter Partes Review filed by the Company and certain subsidiaries against Vigilant in the U.S. Patent and Trademark Office (as discussed below). Vigilant opposed the Motion.

In November of 2020, Rekor and Vigilant Solutions, LLC agreed to resolve the district court litigation and intellectual property rights action between the parties pursuant to a confidential settlement agreement. The Company will have no material effect from its obligations under the agreement.