News - 2016050602 - Google, Honeywell Agree to Resolve Nest Labs Patent Dispute

The companies finally cool down in their fight over thermostat tech.

Alphabet’s Google  GOOG 0.82%  and climate control systems maker Honeywell International  HON 0.61% have reached an agreement to resolve patents disputes related to Alphabet’s Nest Labs, a maker of Internet-connected thermostats.

The companies said on Thursday that they had reached a long-term patent cross-license agreement.

The statement did not disclose financial and other details of the agreement.