TAIPEI, Taiwan—Polylite Taiwan Co. Ltd. (OTC:1813) has reached a settlement of its patent infringement and related claims with Oakley, Inc. in U.S. District Court for the Central District of California. The terms of the settlement are confidential and the parties have agreed to dismiss pending litigation.

Polylite Taiwan, based here, was established in 1994 to manufacture and distribute GIA polycarbonate lenses sold under multiple industry brands. The company operates a fully-owned subsidiary, Thin-Tech Lens Technologies, Inc., a software lens design company headquartered in Savannah, Ga.