CarbonMeta Technologies Inc (COWI)

[ionu]

responed To
I did say I felt small cash settlement and big royalities from ABB contracts was what we would see.

Press Release
Innova reached a settlement of its lawsuit with ABB Inc. of Auburn Hills, Michigan and ABB Automation Technologies AB of Vasteras, Sweden. The case, which was pending before the United States District Court for the Middle District of Florida, Fort Myers Division, Civil Action No. 2:04-cv-611-FtM-29SPC, involved claims that the ABB companies misappropriated certain trade secrets relating to RWT's Universal Robot Controller technology and had breached an April 2002 Confidentiality Agreement.

Walt Weisel, Chairman and CEO of Innova Robotics & Automation, Inc., said, "We are pleased that this matter has been resolved. Looking forward, we believe we are on course to continue our innovations and worldwide growth in this exciting field of robotics."

After reading this release it doent say any thing about royalities or any other future payments.
Plain and simple to me the PR says it all they are moving forward.THis lawsuit is over the FAT LADY HAS SUNG!