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Biotech / Medical : GFIH Graham-Field Health Prod -- Ignore unavailable to you. Want to Upgrade?

To: Steve Rolfe who wrote (66)	1/14/1999 10:38:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 84

Invacare Corporation Announces Settlement of All Lawsuits With Graham-Field ELYRIA, Ohio--(BUSINESS WIRE)--Jan. 14, 1999--Invacare Corporation (Nasdaq/NMS:IVCR - news) today announced that the company has settled all lawsuits with Graham-Field Health Products, Inc. (NYSE:GFI - news). As a part of the settlement of the lawsuits, Invacare and Graham-Field entered into a cross-licensing agreement with respect to certain patents owned by each of the companies and Graham-Field entered into a three-year agreement with the company's wholly-owned subsidiary, Dynamic Controls, Ltd., to supply Everest & Jennings, a Graham-Field company, with electronic controls for motorized wheelchairs. Invacare also agreed to a two-year agreement to supply LaBac seating systems to providers under a single invoice program. In addition, Invacare received $2,200,000 from Graham-Field associated with prior product purchases.