CHANDLER, AZ – Isola USA and Park Electrochemical said today they have entered into an agreement to settle all pending litigation between the parties related to Isola's patents for the use of Styrene Maleic Anhydride in laminates.

The settlement agreement will result in the dismissal of the patent infringement lawsuit that Isola USA filed against Park and its subsidiaries, Nelco Products and Neltec, on June 26, 2012.

Park, Nelco and Neltec agreed to refrain from challenging the validity or enforceability of any of Isola's SMA patents. In the settlement, neither party admitted any liability or wrongdoing.

The terms of the settlement were not disclosed.