Exar Announces License Agreement


FREMONT, Calif., March 25, 2016  — Exar Corporation (NYSE: EXAR), a leading supplier of analog mixed-signal products serving the industrial, high-end consumer and infrastructure markets, announced today that it has entered into a settlement agreement and patent license agreement that resolves all pending litigation in the Eastern District of Texas brought by Phenix, LLC, which had alleged that certain of Exar’s integrated circuit products infringed one of its patents. The parties agreed that this settlement shall not be construed as an express or implied admission of misconduct, responsibility or any liability whatsoever on the part of the parties or anyone else. The terms of the settlement agreement and patent license agreement are confidential.

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