Pompano Beach, Fla. -- TCPI has settled a patent-infringement lawsuit related to its noninvasive TD Glucose Monitoring System as well as all other litigation with Americare Health Scan of Miami, its subsidiaries and affiliates.

The companies agreed to dismiss the various lawsuits and related counterclaims, and entered into mutual releases of all claims relating to the litigation. In addition, none of the parties admitted to any wrongdoing related to the claims in the various lawsuits and associated counterclaims. Terms of the settlement were not disclosed.

"The termination of these lawsuits is a significant event for us and brings closure to legal matters that have been going on over the past three years," TCPI president and chief executive officer Elliott Block said. "Ongoing development of our current noninvasive glucose monitoring technology can proceed without concern of future lawsuits from the Americare companies. In addition, financial and management resources will be freed up as we continue to implement our business plan."