AudioEye and accessiBe Agree on Settlement Terms

Rhea-AI Summary

AudioEye, Inc. (NASDAQ: AEYE) and accessiBe have reached a global settlement resolving all ongoing legal disputes. This agreement includes mutual covenants not to sue, allowing both companies to focus on their respective businesses and technologies without further legal interference. Furthermore, a framework for managing potential future disputes has been established. This settlement is expected to provide clarity and operational freedom for both parties and their partners moving forward.

Positive

• Global settlement reached, allowing both companies to operate freely.
• Mutual covenants not to sue will prevent future legal disputes.
• Framework established for managing potential disputes in the future.

Negative

• None.

TUCSON, Ariz., Oct. 24, 2022 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) and accessiBe today announced they have agreed to a global settlement of all pending legal disputes, which includes mutual covenants not to sue, and will move forward with their businesses. The parties and their customers and partners will continue to have full freedom to operate and leverage the full scope of the parties' respective technology moving forward. The parties have also agreed to a framework designed to avoid and manage disputes in the future so they can focus on their respective businesses.

About AudioEye
AudioEye is an industry-leading digital accessibility platform delivering ADA and WCAG compliance at scale. By combining easy-to-use technology and subject matter expertise, AudioEye helps companies and content creators solve every aspect of web accessibility—from finding and resolving issues to navigating legal compliance, to ongoing monitoring and upkeep. Trusted by the FCC, ADP, Samsung, Tommy Hilfiger, and others, AudioEye delivers automated remediations and continuous monitoring for accessibility issues without making fundamental changes to website architecture, source code, or browser-based tools. Join us on our mission to eradicate barriers to digital access, visit www.audioeye.com.

Investor Contact
Brian M. Prenoveau, CFA
AEYE@mzgroup.us
(561) 374-0177

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SOURCE AudioEye, Inc.

FAQ

What is the recent settlement between AudioEye and accessiBe about?

AudioEye and accessiBe have agreed on a global settlement that resolves all pending legal disputes.

How does the settlement affect AudioEye's business operations?

The settlement allows AudioEye to operate without ongoing legal disputes, enabling it to focus on its core business.

What are the key terms of the AudioEye and accessiBe settlement?

The settlement includes mutual covenants not to sue and a framework to manage future disputes.

When was the settlement between AudioEye and accessiBe announced?

The settlement was announced on October 24, 2022.

How will the settlement impact AudioEye's partnerships?

The settlement allows AudioEye and its partners to operate fully without the constraints of ongoing legal issues.