Sonosite Gets $21M From GE

Xconomy Seattle — 

Sonosite, the Bothell, WA-based maker of portable ultrasound machines, said today it will receive a $21 million upfront payment from General Electric as part of a settlement of all patent litigation between the companies. Sonosite will also receive an undisclosed royalty on U.S. sales of GE’s ultrasound systems that weigh less than 10 pounds, until one of Sonosite’s patents expires in 2016.  “It not only affirms the value of our patents, but also will enable the expansion of our research program for point-of-care ultrasound in medicine,” said Sonosite CEO Kevin Goodwin, in a statement.