APEX and ResMed Resolve Patent Disputes

SAN DIEGO and TAIPEI (Sept. 4, 2014)—ResMed Inc. and APEX Medical Corp. have agreed to a confidential settlement resolving their outstanding patent disputes. Under the agreement, APEX has the right to sell and import globally its Wizard masks, as well as its XT and iCH flow generators. APEX agreed to dismiss all validity challenges to ResMed patents, and ResMed agreed to dismiss pending litigation. Additional details of the settlement are confidential.