POET settles with former employee who took its technology to another company

In South Dakota, the Argus Leader newspaper reports that POET settled its two-year lawsuit with a former employee who joined an engineering firm and then allegedly helped that company develop Hydrolysis Utilization technology it claims is very similar to the Delayed Dilution Technology he had developed for Poet. In the end, the suit was dropped along with all claims in exchange for the engineering company licensing the Delayed Dilution Technology from POET, along with other undisclosed parts of the settlement.