GlobeNewswire Inc | Nov 17, 2020 09:30AM EST

November 17, 2020

FOUNTAIN INN, SC and SAN DIEGO, CA, Nov. 17, 2020 (GLOBE NEWSWIRE) -- AVX Corporation, a Kyocera group company, and Presidio Components, Inc. today announced they have settled all outstanding claims between the companies. The two parties have entered into appropriate licenses and agreements and have agreed to dismiss all related litigation. Specific l terms of the agreement remain confidential.

We are pleased to have reached agreement with Presidio Components and resolved all of our outstanding litigation under terms that allow us to freely work with our customers and allows AVX to focus on building the industrys leading portfolio of advanced electronic components, said Johnny Sarvis, CEO of AVX Corporation. We look forward to continuing to provide value added electronic solutions to solve our customers toughest electronic challenges including ultrabroadband capacitors.

AVX is a leading manufacturer & supplier of advanced electronic components and interconnect, sensor, controls and antenna solutions.

Alan Devoe, president and CEO of Presidio Components, said, We are very pleased to reach an agreement with AVX Corporation that recognizes the value of our patents and our contribution to the development of ceramic capacitors. The signing of this agreement allows Presidio to focus 100% on building the leading portfolio of ceramic capacitors, making this agreement very positive for our customers.

Presidio Components is a manufacture of ceramic capacitors.

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Nicholas KovalskyAVX Corporation+1 (864) 228-8869nicholas.kovalsky@avx.com