Cell phone maker Motorola has announced that it settled all outstanding disputes with New Jersey-based Metrologic Instruments (News - Alert), Inc. 

 

The disputes were over patents related to mobile computing and bar coding and they dated back to 2002.

 

The companies have now signed a new agreement, under which they will cross-license their patents for a limited period. 

 

“Since 2002, Metrologic and Motorola (News - Alert) have been engaged in a number of patent disputes involving technology in the fields of barcode scanning and mobile computing. The agreement announced today ends all pending litigation,” says the press release issued on Monday.

 

Yet the companies have not disclosed much information on the agreement. 

 

Metrologic Instruments, Inc., which is celebrating its 40th anniversary, is a supplier of choice for data capture and collection hardware and software. 

 

Metrologic products are sold through distribution offices spread across Europe, Asia, and Americas.

 

A Fortune 100 company with global presence and impact, Motorola had sales of US $42.8 billion in 2006. Yet, it has now started losing large chunk of its market share to Finnish handset maker Nokia (News - Alert).