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Stock impact report

Blackbird Technologies and Lyft Reach Resolution Concerning Patent Suit on Vehicle Guidance Technology

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: PR Web
BOSTON (PRWEB) April 08, 2020 Blackbird Technologies and Lyft Resolve Patent Suit On March 26, 2019, Blackbird Technologies filed a patent infringement lawsuit against Lyft, Inc. in the US District Court for the District of Delaware (19-cv-00566), concerning an unconventional vehicle monitoring and guidance system that allows for adaptive real-time vehicle management and route navigation. The patent at issue is US Patent No. 6,754,580, entitled "System for guiding vehicles." Last month, Blackbird Technologies and Lyft resolved the case. Wendy Verlander, President and CEO of Blackbird Technologies, stated, "The vehicle management system described in this patent is employed widely in modern transportation services, such as ridesharing. It is remarkable that the inventors of this now ubiquitous technology were able to understand its importance two decades ago." About Blackbird TechnologiesBlackbird Technologies provides a unique opportunity for individual inventors and small compan Show less Read more
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