Ferro Corp., based in Cleveland and TherMark LLC of Los Angeles have settled a dispute over a patented laser marking technology and also established a licensing agreement that allows both companies to practice and promote a laser-marking technology under applicable patents.

Several years ago both Ferro and TherMark developed materials that enhance/enable lasers to make high-contrast, permanent marks on a variety of surfaces. The agreement gives both companies the ability to market each other's products and processes without concern about infringing their patents. Ferro will be the exclusive distributor worldwide of TherMark's marking materials, excluding certain limited pre-existing license agreements TherMark already had in place, and TherMark will serve as an authorized distributor of Ferro's marking materials.