Comarco Licenses to Targus International LLC

 

LAGUNA NIGUEL, Calif., April 1, 2016 — Comarco, Inc. (OTC: CMRO) today announced that it has reached an agreement with Targus International LLC (“Targus”) and FT 1, Inc. (formally Targus Group International, Inc.), settling a dispute that was scheduled for arbitration next month.  Under the terms of the agreement, Comarco has granted Targus a license to use the company’s patented technology relating to power adapters for charging and powering portable electronic devices in exchange for a cash payment and future royalties in certain circumstances.

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