Helionetics, Customer Settle Suit

Helionetics Inc. and its Definicon International unit said Tuesday that they have settled a $2.7-million lawsuit with a customer, Marketta International in Brazil.

The Irvine computer products company and its subsidiary sued Marketta about two years ago over the Brazilian company’s failure to pay Definicon more than $2.7 million for an order of computer workstation components.

The suit also accused Marketta of failing to license to Definicon advanced computer technology developed by KFW Corp., a Cayman Islands research and development company that is affiliated with Marketta officers. Marketta, alleging various defenses, countersued Helionetics and others.

In settlement of the litigation, the companies said KFW will grant to Helionetics a non-exclusive right to act as a dealer of all KFW products now existing or later developed on a worldwide basis, except in Brazil.

KFW agreed to sell such products to Helionetics at prices and on terms “at least as favorable” as those offered by KFW to any other dealer.

The agreement will be for two years and will be renewed thereafter if certain conditions are met.