CHANDLER, AZ -- Isola and Taiwan Union Technology have settled their long-running patent infringement dispute over use of talc fillers in printed circuit board laminates, the companies jointly announced today.

The financial terms of the settlement are confidential but under the terms of the agreement, Isola will license its patents related to the use of talc fillers for the life of those patents in consideration for royalty payments from TUC. Without admitting infringement or liability, TUC agreed to refrain from challenging the validity or enforceability of any of Isola's talc filler patents.

The agreement will result in the dismissal of the consent order enforcement complaint that Isola USA filed against TUC with the US International Trade Commission on Aug. 17, 2012, and dissolution of the underlying consent order that was entered against TUC by the USITC on April 10, 2009. A Taiwanese court had dismissed TUC's suit against Isola in 2011.

In a press release, Isola president and chief executive Ray Sharpe said, "We are very pleased to have achieved a successful conclusion to this patent infringement dispute. Isola continues to be firmly committed to protecting and enforcing its intellectual property rights. Licensing these patents to TUC demonstrates the strength of Isola's patents and technology leadership in the industry and our commitment to protect our intellectual property."

C.N. Chen, president of TUC, said, "We are very pleased that the parties' patent infringement dispute has successfully settled for the benefit of our customers."