Fovia Settles Litigation with Terarecon, Inc.

SAN MATEO, CA--(MARKET WIRE)--Jul 2, 2007 -- TeraRecon, Inc. today announced that Fovia and certain persons now or previously associated with it agreed to pay undisclosed but significant sums, including royalty payments relating to past activities and royalties on future activities to TeraRecon, to settle a lawsuit pertaining to 3-D imaging technology filed by TeraRecon against Fovia and certain employees including Ken Fineman and George Buyanovsky, in October of 2005. TeraRecon alleged in their suit that Fovia had developed their business with certain misappropriated trade secrets including business plans and computer source code.