October 11, 2008 — The Austin American-Statesman reports that The University of Texas and Bickel & Brewer client Hydro-Quebec have "settled a 7-year-old lawsuit that clears the way for the development and sale of battery-powered products that would use technology created at the Austin campus."
The report states that, according to the terms of the settlement, the UT System and Hydro-Quebec will be paid $30 million by Japanese communications giant NTT Corp.
The report states that "NTT Corp. will license the battery technology patents to Hydro-Quebec and the university system, giving H-Q free rein to try to sell the technology in a range of electronic devices. The settlement also allows the utility to sublicense the technology to other companies."