Westinghouse settles patent dispute with Canadian Solar's supplier

Thu May 31, 2012 1:19pm EDT
 
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(Reuters) - Westinghouse Solar Inc WEST.O, which is being bought by Australian-based CBD Energy CBD.AX, said it settled a patent infringement dispute with Zep Solar, a supplier to its rival Canadian Solar Inc CSIQ.O.

Westinghouse filed a complaint with the International Trade Commission in October, alleging that Canadian Solar and Zep Solar sold a product using proprietary technology that was part of Westinghouse Solar's Andalay module.

The company had sought a ban on the products from being imported into the United States.

Terms of the dispute settlement were not disclosed by the company.

Westinghouse shares were up 11 percent at $0.19, and those of Canadian Solar were down 2 percent at $2.86 on Thursday on the Nasdaq.

(Reporting by Durba Ghosh in Bangalore; Editing by Viraj Nair)